Corsair is pursuing an acquisition of the racing sim brand Fanatec. In an update shared on Thursday, Corsair says it’s negotiating with Fanatec to restructure the troubled company’s around €70 million (about $75.4 million) debt and cover short-term costs.

Over the years, Fanatec has established itself as one of the most popular brands for racing sim hardware. It offers a premium lineup of racing wheels, pedals, shifters, and more, which virtual racing enthusiasts can hook up to their…