Corsair is about to acquire racing sim company Fanatec
Corsair is pursuing an acquisition of the racing sim brand Fanatec. In an update shared on Thursday, Corsair says it’s negotiating with Fanatec to restructure the troubled company’s around €70 million (about $75.4 million) debt and cover short-term costs.
Over the years, Fanatec has established itself as one of the most popular brands for racing sim hardware. It offers a premium lineup of racing wheels, pedals, shifters, and more, which virtual racing enthusiasts can hook up to their console or PC when playing games like Gran Turismo 7 and Assetto Corsa.
“This transaction would solve the company’s significant debt load and position the company for growth and continued product portfolio expansion,” Corsair CEO Andy Paul says in a statement. Regulators in Germany — where Fanatec is based — still have to approve of the deal.
Corsair isn’t the only company in the gaming hardware and peripheral industry making moves as of late, as Turtle Beach acquired the gamepad maker PDP in March.
Corsair is pursuing an acquisition of the racing sim brand Fanatec. In an update shared on Thursday, Corsair says it’s negotiating with Fanatec to restructure the troubled company’s around €70 million (about $75.4 million) debt and cover short-term costs. Over the years, Fanatec has established itself as one of the most…
Recent Posts
- NYT Strands today — hints, answers and spangram for Wednesday, May 15 (game #73)
- Android apps will soon let you use your face to control your cursor
- Meta will shut down its Teams competitor Workplace next year
- Watch the Google I/O 2024 Developer keynote live
- Google might’ve just teased its new Smart Glass project but don’t call it Google Glass
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011