Saturday, January 12th 2008
Microsoft Could be Planning Bid for Logitech
Rumours are flying around the internet that Microsoft could be planning a takeover bid for computer peripherals firm Logitech. Apparently Microsoft will offer 48 francs per share, compared to the current value of 39.46 francs, giving Logitech a value of around 10 billion francs (or roughly $9 billion US). Amid this speculation, share prices have risen over 12% from 34.80 francs on Wednesday to their current value, although many analysts are still sceptical of any takeover, with Michael Foeth from Vontobel bank saying:
Source:
Reuters
Today's share price rise is probably more related to a rebound in the market than any rumours.
14 Comments on Microsoft Could be Planning Bid for Logitech
The software will probably improve with MS help...but the product design might suffer...hmm...
thats the worst thing that could EVER happen to logitech.
logitech are a cool bunch of muva's that make some of the best day to day & also gaming related peripherals ever - I will not tolerate M.S using logitech to wipe their arses.
LOGITECH!!! REFUSE THEIR OFFER!!!! YOUR MUCH BETTER THEN THAT!!
I really don't think Logitech can be bought out... look at the years of service... if M$ would buy anything, then I think they would want to buy a company that needs help, and is in some way starting up...IMO
I always thought Bill looked a little "mousey".:D