Tuesday, September 27, 2016
Turtle Beach Restructures HyperSound, Seeks Buyer
San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business. Turtle Beach said it has taken actions to "significantly reduce" its operating expenses of that business. The company did not detail those actions, or if they included staff cuts. Turtle Beach is a developer of gaming headsets for the Xbox One, PlayStation 4, and other platforms.