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Logitech isn’t buying Plantronics after all

Logitech isn’t buying Plantronics after all

Vjeran Pavic / The Verge

Reuters broke the news this weekend that Logitech was in talks to acquire headphone maker Plantronics for more than $2.2 billion, but it looks like the deal isn’t happening. Logitech tells TechCrunch that “while it had engaged in discussions with Plantronics about a potential transaction, it had terminated the negotiations.”

A $2.2 billion deal would have been Logitech’s biggest acquisition to date by far, although it wouldn’t necessarily have reflected a particularly high valuation of Plantronics’ consumer business. Earlier this year Plantronics itself bought out video-conferencing solutions maker Polycom for $2 billion, which had to have been the main factor in Logitech’s willingness to pay so much.

                                  Courtesy; www.theverge.com