Zagg Buys Out Accessory Maker Mophie For $100 Million

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If you have been around smartphones long enough, there is a good chance that you have come across accessories made by the likes of Zagg and Mophie, with the latter specializing in battery packs and cases for smartphones. However it looks like any rivalry between both companies will be coming to an end.

In an announcement by Zagg, it has been revealed that Zagg will be buying out Mophie for $100 million and merging both companies. The deal has been approved by the boards of both companies and is expected to close later in the first quarter, assuming that all regularly checks and hurdles have also similarly been cleared.

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I wonder if Mophie will still keeps its Mophie name. Wow, $100 million dollars is a lot of money. I like the looks of some of Mophie's battery packs, and cases.
 
That's a lot of money, I hope the product quality remains.
 
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