Logitech and Plantronics discussed a potential merger but have decided to call off the talks. The companies disclosed the talks following a report from Reuters that said Logitech had offered over USD 2.2 billion to buy Plantronics.
Such a deal would significantly strengthen Logitech’s position in the videoconferencing and headset market. In 2016 it exited the enterprise hardware business with the spin-off of Lifesize, while Plantronics recently expanded in the sector with the takeover of Polycom.
Logitech confirmed in a statement two days after the Reuters report that it had been “in discussions with Plantronics regarding a potential transaction”. However, those discussions were terminated. Neither company provided further detail on the subject of the negotiations.
People familiar with the matter told Reuters that Logitech walked away from the talks after the companies could not agree on a price. Plantronics was seeking over USD 3 billion, the report said, compared to a market capitalisation of around USD 2 billion for the company. – Telecom Paper