Skullcandy has purchased the assets of gaming headphones maker, Astro Gaming Inc., a San Francisco-based company, for $10.8 million, according to a Wall Street Journal article:
“Skullcandy Inc. has acquired the assets of a maker of gaming headphones for $10.8 million, according to a securities filing that also revealed Skullcandy plunging into the red last year as the headphone seller’s costs soared.
The Park City, Utah-based company, which registered for an initial public offering in January and last month replaced its chief executive, said in a filing late Thursday that it purchased San Francisco-based Astro Gaming Inc. on April 22.
Astro Gaming was backed by investors including Triangle Peak Partners LP and Fayez Sarofim & Co.”
Skullcandy, which filed an IPO back in January, updated its initial S-1 Form at the end of April with the Security and Exchange Commission, reflecting what the WSJ eluded to above: the company saw a loss of $9.7 million for the year and $17.3 million for the final quarter of 2010. Jeff Harbaugh’s Market Watch provides some numbers and analysis on the subject: