hp buys HyperX for $425 million

HP has announced today that it is buying HyperX from Kingston Technology’s in a deal worth of $425 million.

HP will pay $425 million for the Kingston gaming division, with Kingston to keep a hold on DRAM, flash, and SSD for gamers and enthusiasts. The will get closed by the end of 2nd-quarter of this year.

“HyperX is a leader in peripherals whose technology is trusted by gamers around the world and the addition of HyperX to our portfolio will drive new sources of innovation and growth for our business,” says, CEO and President, Enrique Lores.

HP has been working to boost its gaming accessories space for the last several years with the help of its in-house OMEN portfolio. Which has not gained much traction in comparison to competitors like Corsair, Logitech, and Razer. But with this HyperX acquisition, which has many gaming accessories ranging from gaming keyboards to microphones, we hope they’re going to be successful in that field.

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