Skullcandy Under New Ownership
In recent months there has been quite a lot of activity surrounding the future of Skullcandy’s ownership. The headphone and gaming accessories company, went public in 2011 and has seen a decline in share price and market share in the past few years.
The WSJ has just reported that Skullcandy has accepted an offer from Mill Road Capital Management, valuing the company at $196.6 million USD. The Mill Road price, came as a second offer after Skullcandy reported had a deal signed with Incipio. The WSJ reports that Skullcandy will pay a $6.6 million “termination fee” - ouch!
Read the full story here.