We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,587 News Articles

Microsoft to buy Logitech?

Rumours suggest £8bn price tag

Reports suggest peripherals manufacturer Logitech us being lined up for acquisition by Microsoft. Reuters reports shares in Logitech climbed on Thursday following speculation that the Windows developer may make a bid to buy the company, with a hefty $8bn price tag predicted.

While analysts later dismissed the notion as no more than a rumour, and the company's largest shareholder, company co-founder Daniel Borel, indicated he has no reason to sell his 6 percent share of the company stock, the speculation seems to have stuck.

Trading speculation claims Logitech will receive a takeover bid at 48 francs per share from Microsoft, a premium of 38 percent to Wednesday's 34.80-franc closing price, meaning Logitech would have a value of 9.16bn francs.


IDG UK Sites

O2 to sell exclusive red HTC One M8

IDG UK Sites

How to win iTunes Festival 2014 tickets: See Pharrell Williams, Sam Smith, Kylie & more live, for...

IDG UK Sites

Welcome to the upgrade cycle - you'll never leave

IDG UK Sites

Why smartphone screens are getting bigger