Logitech confirms it was in talks to acquire Plantronics
The Swiss computer accessories maker had been interested in buying the headset and Bluetooth earpiece maker.
Plantronics makes headsets and Bluetooth earpieces like these.
Swiss computer accessories maker Logitech had its sights set on headset and Bluetooth earpiece maker Plantronics.
Reuters reported Friday that Logitech was in discussions to acquire Santa Cruz, California-based Plantronics, citing unnamed sources familiar with the matter.
Logitech confirmed to CNET on Sunday that it had been in discussions with Plantronics regarding a "potential transaction" but that "those discussions were terminated." Plantronics, which got its start in the early 1960s making lightweight headsets for pilots, declined to comment.
Logitech has been buying up smaller companies as part of an effort to expand its portfolio. In July, it announced it would acquire Blue Microphones for roughly $117 million in cash. A year earlier it bought headset maker Astro Gaming for $85 million in cash.
Plantronics would be Logitech's largest buy. Logitech offered more than $2.2 billion for Plantronics, Reuters said, citing one of its sources.
Reuters reported earlier this month that Plantronics was considering putting itself up for sale. It closed its own $2 billion acquisition of video-conferencing equipment maker Polycom in July, Reuters said.
First published Nov. 23 at 3:19 p.m. PT.
Update, Nov. 26 at 9:41 a.m. PT: Adds Logitech comment that talks have been terminated.