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Wednesday, November 14, 2007
Mad Catz Acquires Saitek
San Diego-based Mad Catz Interactive, a manufacturer of gaming peripherals, said today that it has acquired Saitek, a fellow manufacturer of PC gaming accessories, multimedia audio products, and other electronics. Mad Catz said it would pay $30M for Saitek, which it said had $43M in net sales for the last 12 months. The deal is split between $15.5M in cash plus $14.5M in convertible notes. Saitek has 120 employees, who Mad Catz said it expects to join the firm. Saitek was based in the UK, with U.S. offices in Torrance.
posted on Wednesday, November 14, 2007
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