Nextbit has been bought by Razer

Posted by tranced
Razer, the gaming laptop and peripheral company, has acquired smartphone-maker Nextbit. A press release announcing the acquisition says that Razer “has acquired the majority of the assets of Nextbit Systems Inc. and has brought onboard the management and employees of the company,” but no financial details of the acquisition were disclosed. The deal closed on Friday, January 27th, 2017.

Nextbit, which was founded by former members of Google’s Android team and a former head of design at HTC, will remain a largely independent company, operating as a “standalone business unit under its own management,” according to the release. In an interview about the acquisition, Nextbit CEO Tom Moss said the “whole team” will be coming over and that the deal will give the company more resources than it otherwise would have access to. The Nextbit staff will remain in their current location in San Francisco and will not combine with Razer’s team at this time.

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Posted by Supa_Fly
Seems like a wasted investment if the same management team just gets more financial investments and no ideas to use or incorporate the Razer mythos into smartphone design. Why not just be a silent investor with voting rights?!