Landshut-based sim racing hardware manufacturer Fanatec has been on the rocks lately, with a takeover by Corsair becoming likely. Now, a "Fanatec Rebel Alliance" took control of Fanatec's official Facebook page to shed light on insider information.
This is a developing story. OverTake has reached out for official statements and will update this article as soon as they are available.
It has been a rough year for Fanatec, with CEO and Founder Thomas Jackermeier being ousted and a takeover by US hardware giant Corsair becoming increasingly likely. A self-proclaimed "Fanatec Rebel Alliance" suspects foul play regarding this takeover - and this seems to be the motivation behind the Fanatec Facebook page being taken over.
The group published a post aiming to shed light on behind-the-scenes proceedings of "the hostile takeover attempt of Corsair", encouraging employees of Fanatec's parent company Endor, Corsair or one of the banks involved to act as whistleblowers. It also stated that "a lot of the negative things happened at Endor recently did not occur by mistake."
The post followed an earlier entry that simply read "time to talk", also published in the afternoon of May 29. Both posts have since been removed.
As per the latest update on May 15, Corsair looks set to buy Endor, making it a privately-owned company and thus delisting it from stock exchanges. The US company is ready to provide interim funding to Endor to avoid imminent insolvency, according to a plan that has been agreed upon by both parties. "A binding agreement is expected to be signed in mid-June and submitted to the restructuring court in Munich in the near future", according to the May 15 press release.
What do you make of the Fanatec situation? Let us know on Twitter @OverTake_gg or in the comments below!
This is a developing story. OverTake has reached out for official statements and will update this article as soon as they are available.
It has been a rough year for Fanatec, with CEO and Founder Thomas Jackermeier being ousted and a takeover by US hardware giant Corsair becoming increasingly likely. A self-proclaimed "Fanatec Rebel Alliance" suspects foul play regarding this takeover - and this seems to be the motivation behind the Fanatec Facebook page being taken over.
The group published a post aiming to shed light on behind-the-scenes proceedings of "the hostile takeover attempt of Corsair", encouraging employees of Fanatec's parent company Endor, Corsair or one of the banks involved to act as whistleblowers. It also stated that "a lot of the negative things happened at Endor recently did not occur by mistake."
The post followed an earlier entry that simply read "time to talk", also published in the afternoon of May 29. Both posts have since been removed.
As per the latest update on May 15, Corsair looks set to buy Endor, making it a privately-owned company and thus delisting it from stock exchanges. The US company is ready to provide interim funding to Endor to avoid imminent insolvency, according to a plan that has been agreed upon by both parties. "A binding agreement is expected to be signed in mid-June and submitted to the restructuring court in Munich in the near future", according to the May 15 press release.
What do you make of the Fanatec situation? Let us know on Twitter @OverTake_gg or in the comments below!
