Skullcandy Reportedly Considers ‘Go-Private' Transaction

Shares of Skullcandy (SKUL) are higher in Wednesday's session on word that the company's founder was exploring a 'go-private' deal, according to a report from MarketWatch. Skullcandy's Founder Richard Alden controls more than 12 percent of the headphone maker's shares through a family trust. The disclosure follows the June announcement that Skullcandy is the official audio partner of The Berrics, as well as the launch of its new AM program, No Label. Over the past year, shares of Skullcandy are down three percent.

This article was written by a staff member of TheStreet.