Embattled Madcatz sells Saitek to Logitech for a song
by from Techreport on (#1V0N1)
Saitek is a well-regarded brand of gaming peripherals, a fact likely known by the crowd that hangs around here. Roughly nine years ago, Madcatz figured it wanted Saitek's quality items and ponied up $30 million for the company. Now, after a few difficult quarters with operating losses, Madcatz figured it was time to let Saitek go live under Logitech's wing for $13 million in cash.
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