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Skullcandy Inc. is an American company based in Park City, Utah, that markets technology such as headphones, earphones, Bluetooth speakers and other products. [ 3 ] It was acquired by Mill Road Capital for $196.9 million and the deal was finalized on October 3, 2016, making Skullcandy a wholly owned private subsidiary of that company.
In early 2011, the publicly traded Utah-based company, Skullcandy, purchased Astro Gaming for $10.8 million, acquiring all assets. [6] In 2016, Mill Road Capital purchased all outstanding stock of Skullcandy and its subsidiary, Astro Gaming. [7] In 2017, Logitech acquired Astro Gaming from Mill Road for $85 million dollars. [8]
The Skullcandy Hesh Evo Over-Ear Headphones offer the best of both worlds: wireless earbuds with 22 hours of battery life AND a 3.5 mm headphone jack to connect to older smartphones and computers ...
In 2003, Alden formed Skullcandy designing headphones and other audio products targeted as skiers, skateboarders and other outdoor activities. The first Skullcandy product – the Skullcandy Portable LINK – was introduced at the 2003 Consumer Electronic Show (CES) in Las Vegas, where it won its first Design and Innovation Award.
Skullcandy is targeting adjusted earnings to grow 10% to 20% to between $1.10 a share and $1.20 a share. Net sales should grow by 18% to 27%. Analysts are roughly parked in the middle of the ranges.
Shares of Skullcandy opened nearly 7% higher this morning after a Bloomberg article quoted analysts and fund managers who see the battered maker of in-ear headphones as a takeover candidate. There ...
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