Logitech will pay approximately $89 million in cash for Streamlabs and will pay an additional $29 million in stock if revenue growth targets are met. Software tools designed by Streamlabs will complement Logitech’s hardware for gamers and streamers, including webcams, headsets, microphones, and various controllers (keyboards, mice, joysticks, etc.). As a result, Logitech will be able to offer an almost complete package of hardware and software to professional game streamers that have influence on their audience across platforms like Twitch, YouTube, Mixer, and Facebook.
Streamlabs hopes that with Logitech it will be able to achieve more than it has so far. Here is what Ali Moiz, Streamlabs’ chief executive officer, said:
“Streamlabs and Logitech both share a strong passion for gaming and a dedication to serving the global community of gamers and streamers. Joining with Logitech allows us to keep doing what we love and be bolder than ever on a much bigger stage.”