Turtle Beach explores potential buyout
Following its latest quarterly financials, company tells shareholders that its also looking into raising its value
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Yesterday gaming equipment company Turtle Beach announced that its exploring being potential bought out.
As per Reuters, sources told the publication that the firm has been in conversations with a number of potential buyers.
"Based on that outreach, we signed 10 (non disclosure agreements) and held 9 management meetings," Turtle Beach said in the letter.
The company told shareholders that its exploring a buyout while actively looking to raise its value to them.
News of the company's consideration of being purchased follows after it released its quarter earnings this week.