Reports of Corsair Buyout False

Earlier in the week you may have heard rumors that Francisco Partners were possibly discussing buyout options with PC hardware manufacturer Corsair.  It appears the rumor was based off a story that had aired on CNN, where they apparently had a rather good lead.

Since Corsair had decided to indefinitely postpone an IPO launch after Facebook, the largest social media site in the world, had such a terrible experience.  Well today we are happy to report that Corsair has come out and said that there is in fact no buyout in progress.  Corsair has approached Francisco Partners for investment purposes only.  After watching the difficulty of a large company like Facebook launch an IPO, it appears they took the simple route of going direct to a big investor instead.  Here’s their direct quote:

Corsair is securing investment from Francisco Partners but the deal is not a buyout. Corsair have stated the investment is needed so they can continue acquiring other companies and expand their portfolio (like the deal when they acquired Raptor Gaming and Simple Audio), not because they are struggling financially.

Fortunately for gamers like ourselves, the Corsair buyout was only a rumor.  As Corsair began to buyout other companies and expand their portfolio, there products have only received praise by the consumers purchasing them or using their service.  Not many manufacturers are capable of producing a diverse line of products while still having the same quality across the board, let alone keeping their customer base happy.  So when reports came in that they were seeking to be bought out, it left many of us scratching our heads.

Any thoughts on what Corsair might be looking to purchase here in the future?  I’m really not sure what else they have left to do, unless they plan on getting into some serious electronic circuitry.  But after their purchase of Raptor, I’m sure they’re up for just about anything.  There are still possibilities for Corsair to launch an IPO in the future, and maybe then we can get in on a piece of that investment pie.

 

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