Razer Acquires THX
Gaming accessory specialists Razer revealed this week that the company has acquired the George Lucas-founded audio company THX Ltd.
While no numbers concerning the acquisition have been released, Razer did confirm in a press release that they plan to spin the company off to manage its own affairs for the most part.
“THX will operate as an independent startup under its own management and apart from the ongoing business of its parent company. Further to the point, the audio technology business will have discretion to seek agreements with other product makers, service providers and financial partners apart from Raze,” they said.
“This acquisition will allow us to reinforce Razer’s leadership in gaming and extend the brand into broader areas of entertainment, while at the same time empowering THX to develop into a global powerhouse, independently,” said Razer Co-Founder and CEO Min-Liang Tan.
It’s expected that the acquisition will see some amount of THX’s tech rolled into Razer’s own audio solutions, both within their notebook and headphone ranges.
“As a standalone company, THX will work with Razer, but will primarily continue to service our partners in the industry in order to deliver great products to consumers,” said Ty Ahmad-Taylor, CEO of THX.
“Our focus has always been on ensuring that anyone can experience high quality entertainment, regardless of their medium of choice. With Razer, we can now continue to strengthen our core lines of business while delivering excellence for our customers’ ever-changing needs.”