News

Rumour of Corsair Buyout Is False, But They Are Seeking Major Investment

You might remember a couple of days ago we reported on a story that Corsair were rumoured to be involved in buyout talks with Francisco Partners? This came after Corsair indefinitely postponed an IPO after the relative flop of the Facebook IPO. Corsair said that they would “relaunch [the IPO] when equity conditions are more favorable”.

While CNN may have had an interesting lead on the story of a potential buyout, it seems it was a little bit of deadend and Corsair have been quick to dismiss that they are looking to sell their name to Francisco Partners, or anyone else for that matter.

Corsair is securing investment from Francisco Partners but the deal is not a buyout. Corsair have stated the investment is needed so they can continue acquiring other companies and expand their portfolio (like the deal when they acquired Raptor Gaming and Simple Audio).

For the whole of 2011, Corsair reported around $19 million in net income on $455 million of revenue. It’s Q1 2012 earnings were $3 million on $132 million in revenue.

It did seem like this one came a little out of the blue, but as with many rumours in the world of business, things are easily twisted and it looks like Corsair are here to stay for the foreseeable future, in fact it looks more like they will be expanding in the near future if anything else as they may be looking to acquire new assets into the Corsair family.

Peter Donnell

As a child still in my 30's (but not for long), I spend my day combining my love of music and movies with a life-long passion for gaming, from arcade classics and retro consoles to the latest high-end PC and console games. So it's no wonder I write about tech and test the latest hardware while I enjoy my hobbies!

Disqus Comments Loading...

Recent Posts

Assassin’s Creed Boss Calls Shadows’ Inclusivity Backlash ‘Devastating’

The Assassin's Creed Shadows development team has been facing a difficult time amid an ongoing…

2 hours ago

Yoshi-P Says He Would Like a Re-Release of Vagrant Story and Final Fantasy Tactics

More than twenty years after the launch of Vagrant Story, many are still dreaming of…

2 hours ago

Still Wakes the Deep 

LIVE THE HORROR: An immersive disaster story aboard a stunningly realised North Sea oil rig,…

7 hours ago

PHILIPS 275V8LA – 27 Inch QHD Monitor

The Philips VA LED display uses an advanced multi-domain vertical alignment technology that gives you…

7 hours ago

EPOMAKER Ajazz AK820 Pro 75% Gasket-mounted Mechanical Keyboard 

【TFT Screen: The Interactive Interface】This 75% mechanical keyboard comes equipped with a TFT Screen, serving…

7 hours ago

Funko Fusion

FANDOM FUSION Play as your favorite characters and wield their unique weapons and skills. Team…

7 hours ago