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Has HP Acquired HyperX for $425 Million?

To further diversify into the gaming market, Electronic-giant HP has now acquired gaming external maker HyperX.

According to a report from Engadget, the Kingston-owned company’s purchase was worth $425 million and brought into HP a whole new roster of gaming external bodies and accessories such as keyboards, mic, headsets, microphones, and console-related devices. However, Kingston will continue to lead HyperX’s storage and memory businesses. The deal is expected to finalize during the second quarter of 2021.

“HyperX is a leader in peripherals whose technology is trusted by gamers around the world, and we’re thrilled to welcome their outstanding team to the HP family,” said HP’s president and CEO Enrique Lores in a statement. “We continue to advance our leadership in Personal Systems by modernizing compute experiences and expanding into valuable adjacencies. We see significant opportunities in the large and growing peripherals market, and the addition of HyperX to our portfolio will drive new sources of innovation and growth for our business.”

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