Bose Acquires Skullcandy in Deal Valued Unrevealed
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Key summary
Audio equipment manufacturer Bose has announced the acquisition of lifestyle and gaming headphone maker Skullcandy from its previous owner, Mill Road Capital Management. The specific value of the transaction was not disclosed. Skullcandy was founded in Park City, Utah, in 2003 and listed on the stock market in 2011 before being taken private by Mill Road Capital Management in 2016. Prior to this acquisition, Bose and Skullcandy collaborated on products such as the 'Skullcandy with Sound by Bose' line, which utilized Bose audio technology. Following the deal, Skullcandy will continue to operate as a separate brand.
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Official source
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