Nogotiatiations Ends: Logitech Is Not Acquiring Plantronics
This weekend Reuters has announced an exclusive news. Logitech is negotiating to acquire Plantronics. But this is not happening, Logitech is not acquiring Plantronics. However, an agreement from both party was expected this week. But Logitech’s board of directors decided not to move forward with the negotiations.
A $2.2 billion deal would have been Logitech’s most important deal to date. Even Thought if it would have not been projected as a high valuation of Plantronics business. Earlier this year, Plantronics has purchased video-conferencing solution creator Polycom for $2 billion. In the present situation, this acquisition has certainly been a plus factor to influenced Logitech’s eagerness to pay that sum.
Logitech’s board terminated the agreement due to overpricing disagreements. As a result,Logitech is not acquiring Plantronics
Let’s cast a glance of Logitech and Plantronics.
Logitech International S.A., a Swiss provider of personal computer and mobile peripherals, was co-founded by Apples in Switzerland, in 1981 by Daniel Borel and Pierluigi Zappacosta, and Giacomo Marini.
The actual executives are Guerrino De Luca Chairman of the Board and Bracken P. Darrell, President and Chief Executive Officer.
Logitech has offices in California, Switzerland, Hong Kong, China, Taiwan, Tokyo, and Japan.
Not less than 100 countries worldwide sold in Logitech products. The company has sales offices in major cities in North America, Europe, and Asia-Pacific.
Logitech is listed on the Nasdaq Global Select Market and the SIX Swiss Exchange.
Plantronics, Inc., an American publicly traded electronics company, manufacture audio communications equipment for business and consumers. Its products support unified communications and other personal audio. Plantronics has its headquarters in Santa Cruz, California but manufactures their product in China and Mexico.
Likewise many tech start-ups, garage seems to be the ideal place to start. That’s where Plantronics started in 1961. Plantronics started from the vision of two airline pilots who wished to invent an alternative to the conventional headsets of commercial aviation. What Courtney Graham and Keith Larkin created in that tiny garage in Santa Cruz, California was more than just the world’s first lightweight headset. On July 20, 1969, Plantronics headset was part of history with Neil Armstrong on the moon.