Microsoft Has No Plan To Buy Out Logitech
Date: Tuesday, March 11 @ 11:53:52 UTC
Topic: Off Topic
Some time back i had posted on the rumor that Microsoft had plans to buy out Logitech and have recently found information that contradicts that accusation.
It appears i wasn't the only one waiting for the two giants of there Field to work as one, based on a report by reuters.com and this statement: "Shares in Swiss-based Logitech rose in January based on speculation Microsoft would launch a takeover bid. Analysts dismissed rumors of an $8 billion takeover bid and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his stake."
Logitech Chairman Guerrino De Luca was also quoted as saying: "Microsoft had bought any stake in Logitech, De Luca replied: "It would not be opportune seeing as we are competitors."
"However I am proud of the fact that a small stake was bought by the Melinda and Bill Gates Foundation," he added, referring to Microsoft Chairman Bill Gates' charitable organization."
I for one am vary sad to see that this all ends with nothing changing and wold love to have seen what the two global power houses could have done as a team, i guess the world will never know now.
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