Logitech was in talks to acquire Plantronics, but they are not going to

[mongeese]

Why it matters: Logitech, renowned for their selection of gaming and non-gaming peripherals, has had a tough six months with their shares dropping by almost 20%. In an effort to improve sales and stymie the success of rivals like Corsair and Razer, Logitech was in negotiations to purchase headphone maker Plantronics for $2.2 billion.

Update (11/25): A Logitech spokesperson has contacted us to confirm they are no longer in acquisition discussions with Plantronics. The full statement reads: "In response to media reports and in accordance with Swiss disclosure requirements, Logitech International today confirmed it was engaged in discussions with Plantronics regarding a potential transaction. However, those discussions were terminated. Logitech does not intend to comment further."

The original story follows below:

An anonymous source told Reuters that the negotiations are well underway and that the deal could close as early as next week. According to the source, one of the reasons the two companies are eager to close the deal is to reduce manufacturing costs to counter the Chinese import tariffs.

Despite Logitech’s recent acquisition rampage of companies like Astro Gaming and Blue Microphones, Plantronics would be Logitech’s largest acquisition yet. Plantronics’ market cap is over a third of Logitech’s $5.6 billion.

California-based Plantronics may be known for the Rig series headsets among gamers, but they have a very rich history dating back to 1961 when they began making lightweight headsets for pilots. They were so successful that they began to provide headsets for NASA, and Neil Armstrong was using one when he went on the first moonwalk in 1969.

Neither Logitech nor Plantronics have commented on the rumors.

Permalink to story.

https://www.techspot.com/news/77557-logitech-could-about-acquire-plantronics.html

 

[Uncle Al]

I hope Logitech dosen't screw them up! Plantronic's makes THE BEST telecommunication equipment available and to end that would be terrible for industry and businesses of all kinds!

 

[VitalyT]

So who else did use Plantronics, besides Neil Armstrong?

 

[EClyde]

I say more tariffs

 

[vayeate]

"Logitech could be about to acquire Plantronics"

Nice headline. Let me try.

Logitech could acquire Plantronics
Logitech could acquire Plantronics. Here's why.
Logitech could acquire Plantronics. And that's a good thing!

 

[p51d007]

Boy I hope if this is true, they don't muck up the BT headset I use for my phone.
My FIRST BT headset was a Plantronics M1500 (two piece heatset/plug into the headset box)
I went with jawbone a while, before they went tango uniform and went back to the Plantronics
5200 series.
I've had really good luck with the Logitech mice & keyboards, so I hope this works out.

 

[Sir Alex Ice]

A long time ago Plantronics bought Altec Lansing, one of the best speaker makers of the time. Certainly better than Creative or Lohitech at the time. Unfortunately, they killed the brand with **** products made cheap but charging high prices.

I do not think there is a chance Logicrap would dig up some old Altec speakers designs, but maybe I am wrong...

 

[LeroN]

I replaced above 16 Platronics wired headsets for new IP phones one month ago. Why? Becasue no one of Plantronics headsets was compatible. No problems with Sennheiser, no problems with no-name brands. Finished up with some cheap chinise brand from Amazon and got a clear loud sound and noise canceling for a 70% cost less.
Also there is nothing to say good about their wireless phone headsets compatability. It's possible that even for same phone manufacturer you have to buy a new adapter for $100 otherwise it glitches and is out of control. Sure some old good working headsets don't have adapters for new phones and you need to buy new headset for $200 plus the adapter.
A compatability lists misleading and contradictory so if an adapter is on a list it doesn't mean you get a full functionality and no sound issues.
I think there is a plenty room on a NA business market for serious chines companies and wish them well to cut of a piece of cake. A big brand's approach for business sucks.

 

[Sausagemeat]

So who else did use Plantronics, besides Neil Armstrong?

Plantronics make a lot of business stuff. Headsets in call Center’s and other business areas are frequently Plantronics made hardware. And they are very good too. My Plantronics wireless telephony headset is an outstanding piece of kit.