Corsair Gaming to buy certain assets from Drop, shares fall

Corsair Gaming

17/07/2023 15:23

** Shares of computer component seller Corsair Gaming
 CRSR.O  fall as much as 2% to $17.43
    ** Stock on course for second straight day of losses
    ** Corsair Gaming to buy certain assets from Drop
    ** Drop develops and sells a portfolio of peripherals and
enthusiast products, with the majority of its business coming
from customized "DIY" keyboards, aftermarket designer keycaps
and desktop accessories
    ** Financial terms of the deal are not disclosed
    ** Three of 8 brokerages rate CRSR "buy" or higher, 5
"hold"; median PT is $19 - Refinitiv
    ** Stock up about 29% so far this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))