Turtle Beach shares tank on weak earnings outlook
Shares of Turtle Beach Corp. slumped in Thursday's extended session after the maker of gaming headsets announced an acquisition and issued a disappointing outlook for the first quarter. Turtle Beach said it plans to buy Roccat, a computer peripherals company, for $14.8 million in cash, net of a working capital adjustment, $1 million in cash or stock, and up to $3.4 million in earnout payments. Once the deal is finalized in the second quarter, Roccat is expected to add to Turtle Beach's revenue by about $20 million to $24 million. Читать дальше...