Turtle Beach, the accessories giant best known for its gaming headsets, has acquired PDP for the value of $118 million.
That includes $79.9 million in cash and the remainder in shares. Both companies compete in the third-party headset and controller categories, yet where Turtle Beach is leading the market in headsets, PDP is best known for a range of licensed controllers (including character-based ones for Nintendo Switch).
The firm expects the acquisition to result in $390 - $410 million in revenues over the next 12 months, and that there will be between $10 and $12 million in synergies once the two businesses combine.
from GamesIndustry.biz Latest Articles Feed https://ift.tt/ay2fjpZ
//
Comments
Post a Comment