Logitech has discontinued negotiations on acquiring Plantronics

Logitech прекратила переговоры по приобретению Plantronics

The press service of Logitech has officially confirmed the negotiations with Plantronics about a possible takeover, however, the parties are unable to reach agreement.

According to Reuters, the guide Plantronics was hoping for an amount in excess of $ 3 billion, although the company’s market capitalization is about $ 2 billion. Logitech was willing to pay about $ 2.2 billion.

Logitech and Plantronics have difficulty with the promotion of new products because of competition from tech giants such as Cisco, Microsoft and Google.

Source:
The press service of Logitech

Source

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