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Logitech wants to buy Plantronics for $2 billion

Less than four months ago after the acquisition of Blue Microphones, Logitech is reportedly attempting to create an excellent larger purchase: Plantronics. Reuters reports that Logitech is providing the maximum amount as $2.2 billion in hopes of adding the receiver maker to its ranks.

If the negotiations will be successful, a deal between Logitech and Plantronics may return as early as next week, the sources said, cautioning that it is possible that an agreement will not be reached.

The sources asked to not be known as a result of the negotiations are confidential. Plantronics declined to comment, whereas Logitech failed to reply to asking for comment. In the Stock Market, Plantronics shares jumped 5.6 p.c to $56.50 on the news in after hours on NYSE on Friday.

Logitech’s and Plantonics’ businesses have been under pressure as a result of new offerings being developed, not just from network gear makers such as Cisco Systems Inc, but also from major technology companies such as Microsoft Inc and Google owner Alphabet Inc.

Plantronics manufactures a variety of Bluetooth headphones / earbuds, office headsets, and more accessories. The company’s fitness-geared earbuds are well-reviewed, and Plantronics continues to unleash regular Bluetooth earpieces years once several alternative corporations have affected on from that phase — an indication of its foothold within the workplace surroundings.

According to the corporate, Neil Armstrong’s famous words as he stepped out onto the moon’s surface were transmitted through a Plantronics headset.

LOGITECH’S NOTABLE ACQUISITIONS:
– 2018: Blue Microphones ($117 million)
– 2017: Astro Gaming ($85 million)
– 2016: Jaybird ($50 million), Saitek ($13 million)
– 2008: Ultimate Ears ($34 million)

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