Headlines >>›› Apple VP tells CNET that a touch-screen Mac is unlikelyApple’s New Mobile Ad Strategy and Your Privacy: What You Need to KnowWal-Mart and allies in face-off with Apple Pay over mobile paymentsSamsung Electronics third-quarter operating profit down 60.1 percent on yearFacebook Moolah Continues to Move to MobileSick of constant media bashing, Verizon funds a tech news site where the NSA and net neutrality don’t existDestiny’s first expansion brings a ton of new content to the popular shooter on December 9thYou have only two days left to watch these 36 great movies and shows on NetflixWalgreens will happily take the Apple Pay customers that CVS and Rite Aid don’t wantApple’s Retina 5K iMac seems pricey at $2,499 – here’s why it’s really a killer deal

Is this iPhone Case Company Worth $2.5B? Goldman Sachs Thinks So

Otter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter.

Otter Products, founded in 1998 by entrepreneur Curt Richardson and owned by him and his family, has hired investment bank Goldman Sachs Group Inc to manage the sale process, the people said this week.

Some private equity firms have expressed interest in the company, the people added, cautioning that no deal is certain.

Looks like smartphone case maker Otterbox may be looking to cash in on its success to the tune of $2.5 billion. That would be quite the sale, if anyone were to take them up on it. Otterbox itself acquired fellow case maker Lifeproof last year.

Source: http://9to5mac.com/2014/08/26/is-this-iphone-case-company-worth-2-5b-goldman-sachs-thinks-so/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+9To5Mac-MacAllDay+%289+to+5+Mac+-+Apple+Intelligence%29

VN:F [1.9.13_1145]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.13_1145]
Rating: 0 (from 0 votes)