HP today announced that it’s reached an agreement with Kingston Technologies to acquire HyperX in a deal worth approximately $425 million. The company said that, pending regulatory approval, it expects the deal to close sometime in 2Q21. It seems like HP plans for HyperX and Omen to co-exist. The company said in the announcement that “adding HyperX to HP’s broader gaming ecosystem will deliver innovative new experiences across everything gamers see, hear, and touch.” HyperX won’t be HP’s only gaming-focused brand. The company already offers a line of Omen products that includes laptops, pre-built desktops, monitors, keyboards, mice, headsets, and a few miscellanies bundled as “gear” on the brand website. HP said in the announcement that it expects the HyperX acquisition to “be accretive on a non-GAAP basis to HP in the first full year following closing.” Then the only question will be if the HyperX brand will be able to last longer than VoodooPC did . … [Read more...] about HP To Acquire HyperX for $425 Million
One million dollar paranormal challenge
Fry’s Electronics Closes Its Doors After COVID-19 Changes the Retail Business
Fry’s Electronics today announced that after nearly 36 years it’s going out of business “as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic.” The company has already closed its 31 brick-and-mortar stores and replaced its online store with a letter to customers explaining how it plans to move forward. The letter said Fry’s was implementing “an orderly wind down process” in an effort to “reduce costs, avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company’s assets for its creditors and other stakeholders.” That process officially started today. Fry’s also said it’s “in the process of reaching out to its customers with repairs and consignment vendors to help them understand what this will mean for them and the proposed next steps.” Customers and consignment vendors were given two email addresses and a phone number to use if they need to contact Fry’s … [Read more...] about Fry’s Electronics Closes Its Doors After COVID-19 Changes the Retail Business