Major flight sim & PC gaming peripheral manufacturer Saitek has been sold to Mad Catz Inc for $30 million (seems cheap given the value of the $ atm).
Saitek (originally started 28 years ago to make chess computers) was a private company wholly owned by it's founder Eric Winkler.
There is certainly a synergy as Saitek appeared to have pulled out of making peripherals for XBox, Play Station etc. & that's obviously a Mad Catz strength whilst they were weak in PC peripherals where Saitek are strong.
Mad Catz also recently bought another peripheral company, Joytech.
http://www.saitek.co.uk/uk/info/pr_news5.htm
http://phx.corporate-ir.net/phoenix.zhtml?...&ID=1077796