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Logitech wants to acquire headphone maker Plantronics for over $2 billion

November 23, 2018 / REUTERS

Logitech, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday.The deal would be by far Logitech’s largest acquisition and would illustrate the company’s push to diversify its business. It would come as Logitech and Plantronics seek to keep down manufacturing costs following the introduction of tariffs on imports from China into the United States.Logitech has offered more than $2.2 billion to acquire Plantronics, one of the sources said. As of the end of trading on Friday, Plantronics had a market capitalization of about $2 billion.If the negotiations prove successful, a deal between Logitech and Plantronics could come as early as next week, the sources added, cautioning that it was also possible that no agreement would be reached.