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Last week, we reported that Logitech was looking to acquire the headset maker Plantronics. Now, Reuters reports that those negotiations have been "terminated." According to their sources, Logitech are the ones who ultimately walked away from the deal, as the two companies couldn't agree on a price. Even though Plantronics only has a $2 billion market cap, Logitech allegedly offered over $3 billion for the company, which apparently still wasn't enough for Plantronics.
The deal would have been by far Logitech's largest acquisition, amid a push to diversify its business beyond computer peripherals. It would have come as Logitech and Plantronics seek to keep down manufacturing costs following the introduction of tariffs on imports from China into the United States.
The deal would have been by far Logitech's largest acquisition, amid a push to diversify its business beyond computer peripherals. It would have come as Logitech and Plantronics seek to keep down manufacturing costs following the introduction of tariffs on imports from China into the United States.