Razer execs plan to value firm at up to $4.5 billion in take-private deal -sources

Razer execs plan to value firm at up to $4.5 billion in take-private deal -sources

Information about Razer execs plan to value firm at up to $4.5 billion in take-private deal -sources

Kevin David Scam or Legit


By Julie Zhu and Kane Wu
HONG KONG (Reuters) -A consortium led by Razer Inc’s top executives is planning to value the Hong Kong-listed gaming hardware maker at up to HK$35 billion ($4.5 billion) in a deal to take it private, two people with direct knowledge of the matter said.
Chairman Min-Liang Tan and non-executive director Kaling Lim, with a combined stake of nearly 60% in Razer, are leading a group to offer up to HK$4 per share for the deal, the people said. That is almost double Razer’s average share price of HK$2.1 over the past month.
The move comes as the consortium believes Razer, based in the United States and Singapore, has been undervalued in Hong Kong where investors typically pay more attention to tech firms from mainland China, the people added, declining to be identified due to confidentiality constraints.

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