Turtle Beach is Acquiring PDP

gamerant.com:

Turtle Beach has announced its acquisition of PDP, a competing third-party peripherals brand. While most gamers are probably familiar with Turtle Beach for its long-running line of headsets, PDP has mainly focused on third-party controllers for platforms like the Switch, PlayStation, and Xbox.

PDP has some exciting projects in the works, such as its Fortnite Festival guitar controller that's reminiscent of the ones released for Guitar Hero and Rock Band. The PDP Riffmaster is set to be released sometime this spring and includes interesting features like a removable pickguard that can be replaced with custom ones later on. PDP's controller will be officially supported by Fortnite Festival, which was developed by Harmonix, the creator of the previously mentioned rhythm games.

Turtle Beach recently announced that it acquired PDP for $118 million. This brings PDP's wide range of products, which include controllers, headsets, and accessories for all major platforms, under the Turtle Beach umbrella. Turtle Beach expects the purchase to bring in about $400 million in the first 12 months of full ownership and also announced its new CEO in Chris Keirn. Keirn has worked for the company since 2013 in a variety of important roles and says he's «honored to work with the amazing team at Turtle Beach, now including our new colleagues from PDP.» He also explained that Turtle Beach intends to continue scaling across the gaming accessory fields through innovation and expansion.

Back in November, Turtle Beach revealed its impressive Stealth Ultra controller, highlighting the company's growth from its roots in surround sound gaming headsets released during the late 2000s. Fans might remember this explosion in popularity when the 2000s' multiplayer console boom saw other gaming accessory companies, like Astro, grow as well. Turtle Beach's $200 Stealth Ultra features a dynamic display screen that allows the user to mix sound, view social media notifications, customize colors, and more.

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