Corsair in Exclusive Talks to Acquire Fanatec's Parent Company Endor AG
May 9, 2024
Corsair (Nasdaq: CRSR) is in exclusive talks to acquire Endor AG, the parent of sim racing brand Fanatec.
The deal includes funding for Endor's immediate cash requirements and a debt restructuring plan.
Corsair CEO, Andy Paul, sees significant community support and growth opportunities in Fanatec.
Endor AG's CEO, Andres Ruff, approves of the strategic investment from Corsair.
Corsair aims to expand its gaming and PC enthusiast product ecosystem by entering the sim racing hardware market.
Summary based on 14 sources
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Sources
PC Gamer • May 9, 2024
Corsair to go all in on sim racing after it announces plans acquire Fanatec
Morningstar, Inc. • May 9, 2024
CORRECTING and REPLACING CORSAIR Pursuing an Acquisition of Fanatec, the Leading Brand for Sim Racing Hardware
MarketScreener • May 9, 2024
CORSAIR Pursuing an Acquisition of Fanatec, the Leading Brand for Sim Racing Hardware