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Microsoft to buy Logitech?

by Andrew Wooden
Thursday, January 10th 2008 at 1:03PM

Speculation regarding a Microsoft takeover of Swiss-based peripherals firm Logitech has grown amongst traders, as the industry spanning giant increased its shares in the company to 12 per cent.

According to Reuters, rumors are circulating that Microsoft will launch a takeover bid for Logitech at 48 Franks per share, representing a premium of 38 per cent.

Such a move would leave Microsoft the largest peripherals manufacturer in the world.

Logitech – which is estimated to be worth 9.16 billion according to Wednesday’s closing share price of 34.8 Franks – is due to report its fiscal third-quarter results on January 17th.

Tags: Microsoft , peripherals , bid , logitech , take over

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