Logitech and Plantronics end acquisition discussions
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Logitech has confirmed that it was in talks to acquire headset vendor Plantronics, but said these discussions have been terminated.
On Friday Reuters reported that Logitech had offered more than $2.2bn (£1.7bn) for Plantronics, citing "people familiar with the matter".
In a brief statement, Switzerland-based Logitech said that talks had taken place, but had not gone any further.
The statement read: "In response to media reports and in accordance with Swiss disclosure requirements, Logitech International today confirmed it was engaged in discussions with Plantronics regarding a potential transaction.
"However, those discussions were terminated. Logitech does not intend to comment further."
Both vendors are no strangers to acquisitions, with Logitech spending $85m on gaming headset vendor Astro Gaming last year and Plantronics more recently shelling out $2bn for Polycom.
Logitech currently has a market cap of CHF5.85bn (£4.57bn), while Plantronics' is at just over $2bn.
Source: channelweb
Industry: Unified Communication news
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