Reuters is reporting on some strong indications and rumors that Microsoft may be eyeballing PC accessory maker Logitech for a ripe acquisition. In subsequent financial news, Logitech’s stoke rose as much as 12% based on this speculated acquisition rumblings.
Previously, analysts labeled rumors of a possible $8 billion takeover bid as unlikely. In addition, Daniel Borel, Logitech board member and owner of a 6% stake within the company, dismissed any acquisition rumors and remained firm that the company won’t be sold off despite having virtually no say in a future final deal.
"I am a co-founder of Logitech. Would you be willing to sell your child? I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."
I own both a 5.1 speaker setup from Logitech and a keyboard/mouse from Microsoft; if this deal comes to fruition in the future, hopefully my speakers will continue to act friendly towards my mouse.
