Zagg Purchases mophie for $100 Million USD
Phone accessory empires unite.
Two of the phone accessories realms biggest players are coming together. Zagg has announced that it has purchased mophie for $100 million USD. The move will allow the two to combine their products into a single, more cohesive portfolio — Zagg is known for the likes of keyboards and cases while mophie specializes in phone battery cases and its Powerstations.
“This strategic combination of two industry innovators with complementary product, brand and distribution platforms will enable us to deliver increased value for our customers and shareholders,” said Randy Hales, President and CEO of Zagg, of the move.
