27 June 2016
Mobile device accessories maker, Incipio plans to add a headphones division to its growing stable of accessories companies for the sum of $177 million.
Over the past few years, Incipio has acquired a number of mobile accessories companies, like InCase, maker of bags and cases for Apple products, which it acquired late last year.
In 2013, Incipio also acquired Bluetooth speaker company, Braven Audio. The year before, it acquired “modern beach culture” accessories-maker, Tavik.
By acquiring Skullcandy, Incipio will inherit the Astro Gaming brand, Skullcandy’s gamer-centric headphone line.
Skullcandy’s board of directors has until July 23 to find a superior offer. However, if nothing crops up, the deal should close in the third quarter of 2016.
Author: Ekpeki Donald Pen Prince
Ekpeki Chovwe Donald styled the PenPrince is a writer and lawyer in equity. He has an unhealthy interest in wit, pun and poetry. When he’s not writing, he’s reading and when he’s not reading, he’s breathing. He breathes words.