Razer gets backing from Horizons Ventures, inks phone JV with Three

Razer, the gaming company that acquired the Robin smartphone maker Nextbit earlier this year, is now opening the curtains on the next steps to make a deeper move into the mobile space. Razer has announced a strategic partnership with Three, the Hong Kong-based mobile phone carrier owned by Hutchison Whampoa, in which the companies will sell co-branded, gaming-centric handsets and phone plans and open a new retail store in Hong Kong.

The deal is, in fact, part investment and part sales and marketing strategy: Li Ka-Shing, the magnate behind Hutchison and Three, is also taking a stake in Razer through his VC firm Horizons Ventures, according to Razer’s CEO Min-Liang Tan.

He declined to tell us the financial terms of Horizons Ventures’ investment. (We have asked others at…

Read Story

Related Post