U.S. Markets close in 5 hrs 40 mins
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.86 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.14 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    110.30
    +1.87 (+1.72%)
     
  • Gold

    1,807.40
    +5.90 (+0.33%)
     
  • Silver

    19.86
    +0.19 (+0.98%)
     
  • EUR/USD

    1.0428
    +0.0001 (+0.0104%)
     
  • 10-Yr Bond

    2.8890
    0.0000 (0.00%)
     
  • Vix

    26.70
    -2.01 (-7.00%)
     
  • GBP/USD

    1.2109
    +0.0006 (+0.0484%)
     
  • USD/JPY

    135.6670
    +0.4920 (+0.3640%)
     
  • BTC-USD

    19,474.07
    -60.42 (-0.31%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • FTSE 100

    7,232.65
    +64.00 (+0.89%)
     
  • Nikkei 225

    26,153.81
    +218.19 (+0.84%)
     

Sonos Announces $100 Million Deal to Acquire Mayht Holding

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

By Sam Boughedda

Investing.com -- On Monday, Sonos Inc (NASDAQ:SONO) shares rose 1.35% after it announced the acquisition of a Netherlands-based firm, Mayht Holdings.

Sonos agreed to pay approximately $100 million in cash for Mayht, the creator of what Sonos described as a new approach to audio transducers, which are the foundational element within the speakers that create sound.

The technology company re-engineered the transducers to enable smaller and lighter form factors without affecting the quality.

“Mayht’s breakthrough in transducer technology will enable Sonos to take another leap forward in our product portfolio,” said Patrick Spence, CEO. “This strategic acquisition gives us more incredible people, technology and intellectual property that will further distinguish the Sonos experience, enhance our competitive advantage, and accelerate our future roadmap.”

Sonos said further details will be provided in its earnings call in May.

Related Articles

Sonos Announces $100 Million Deal to Acquire Mayht Holding

Credit committee asked about Russia gov't bonds after railways ruling

Elon Musk drops Twitter board seat in new U-turn