Logitech allegedly in talks to acquire Plantronics for $2.2 billion

By Digit NewsDesk | Published on Nov 24 2018
Logitech allegedly in talks to acquire Plantronics for $2.2 billion
HIGHLIGHTS

If the deal goes through, this would be the most expensive acquisition by Logitech in the company's history

Make your home smarter than the average home

Make your life smarter, simpler, and more convenient with IoT enabled TVs, speakers, fans, bulbs, locks and more.

Click here to know more

According to an exclusive report by Reuters, Logitech and Plantronics are in discussion for the peripheral manufacturer to buy out the Bluetooth headset company. According to sources who asked not to be named in the Reuters report, the deal would see Logitech fork out almost $2.2 billion to buy out Plantronics, the biggest acquisition by Logitech to date.

Logitech and Plantronics have both been suffering from declining revenue, given that PC peripherals market has been on the decline. Plantronics has been in the business of making unified communication systems and wireless headsets including Bluetooth ones. The company’s first products were light weight headsets for airline pilots. The company even made the headsets used by NASA and the one worn by Neil Armstrong on the Apollo 11 mission. Earlier this year, Plantronics acquired Polycom, the industry leader in video conferencing equipment.

Logitech’s acquisition of Plantronics is not final yet and it is entirely possible that the deal might fall through. However, if it does go through, it would give Logitech a serious boost in portfolio for B2B products and Bluetooth headsets for consumers. The deal would also be the largest acquisition of Logitech, given their previous most expensive deal cost the company $85 million in cash and it was to buy out ASTRO gaming as Logitech sought to expand in to the gaming space. As of now, Logitech already owns Ultimate Ears, a company known for some of the best rugged bluetooth speakers, ASTRO, a gaming peripheral manufacturer and Jaybird, a popular IEM manufacturer. The addition of Plantronics to Logitech’s portfolio would be one of great importance, but whether it would lead to profitability for Logitech will remain to be seen.

Videos

Logitech UE MegaBoom Bluetooth Speaker Review | Digit.in
logo
Digit NewsDesk

The guy who answered the question 'What are you doing?' with 'Nothing'.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.