Corsair is about to acquire racing sim company Fanatec
Corsair is pursuing an acquisition of the racing sim brand Fanatec. In an update shared on Thursday, Corsair says it’s negotiating with Fanatec to restructure the troubled company’s around €70 million (about $75.4 million) debt and cover short-term costs.
Over the years, Fanatec has established itself as one of the most popular brands for racing sim hardware. It offers a premium lineup of racing wheels, pedals, shifters, and more, which virtual racing enthusiasts can hook up to their console or PC when playing games like Gran Turismo 7 and Assetto Corsa.
But the company’s reputation has taken a hit in recent months. Fanatec customers have flooded forums with complaints about the company’s inability to fulfill orders on time and lack of...