HP Inc. (NYSE:HPQ) agreed to acquire HyperX from Kingston Technology Company, Inc. for approximately $430 million on February 24, 2021. The deal value is subject to customary working capital and other adjustments. HyperX team will join HP Inc. The transaction is subject to pending regulatory review and other customary closing conditions and expected to close in calendar Q2 2021. As of May 27, 2021, the transaction is expected to close in third quarter of 2021. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing. Steven Sunshine, Joseph Rancour, Aurora Luoma and Thorsten Goetz of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to HP Inc. Allen & Overy LLP acted as legal advisor to Kingston. Lin, Paul of Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Kingston.

HP Inc. (NYSE:HPQ) completed the acquisition of HyperX from Kingston Technology Company, Inc. for approximately $410 million on June 1, 2021. The cash payment is subject to customary closing and other adjustments and will be finalized in future periods.