Mice

In some unexpected news today, HP and HyperX (formerly a division of Kingston) have jointly released a statement that HP is to acquire HyperX gaming peripherals portfolio, and the brand, for $425 million USD. Kingston retains the DRAM, Flash, and SSD products (those that are branded HyperX will probably be renamed). Perhaps it is indicative that Kingston wants to remain focused on the memory and storage markets, and divest away from a variable commodity market, while at the same time HP is looking to boost its presence in the space alongside its HP OMEN branding. Pending regulatory review, the deal is expected to go close in Q2 2021, with the acquisition accretive on a non-GAAP to HP in the first full year. The HyperX peripheral...