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80,259 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.


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