Execs Plan Bid Valuing Razer at $4.5 Billion, Reuters Says (1)

A consortium led by Razer Inc.’s top executives plans a takeover offer that values the gaming gear company at as much as HK$35 billion ($4.5 billion), Reuters reported, citing two people with knowledge of the offer.

The group plans to offer up to HK$4 a share to take Razer private, Reuters said, about a 49% premium to its price before the report. Shares in the company surged more than 22% in Hong Kong afternoon trading before paring much of those gains.

Razer co-founder Min-Liang Tan and board member Kaling Lim are in talks with investors including CVC Capital ...