Microsoft looks set to buy Logitech

Traders hint at takeover bid as Microsoft buys more shares in the peripherals firm
Author:
Publish date:
Social count:
0
7_CPW_InStore_CouchLaptop.jpg

Speculation regarding a Microsoft takeover of Swiss-based peripherals firm Logitech has grown amongst traders, as the industry spanning giant increased its shares in the company to 12 per cent.

According to Reuters, rumours are circulating that Microsoft will launch a takeover bid for Logitech at 48 Francs ($43) per share, representing a premium of 38 per cent.

Such a move would leave Microsoft the largest peripherals manufacturer in the world.

Logitech – which is estimated to be worth 9.16 billion Francs ($8 billion) according to Wednesday's closing share price of 34.8 Francs ($32) – is due to report its fiscal third-quarter results on January 17th.

Related