Microsoft to buy Logitech?
It’s not an impossible thought. With billions of dollars lying around, I am sure Microsoft can at least make an effort to buy the world’s largest computer peripherals maker. Reuters report that Logitech, whos m-cap is around $6.3 billion, would receive a takeover bid at 48 francs per share from Microsoft. This would represent a premium of 38 percent to Wednesday’s closing price of 34.80 francs and value the firm at 9.16 billion francs. A Logitech takeover would make the software leader the world’s largest maker of computer mice and other peripheral devices as well.
“It seems out of left field. Microsoft has a small decent hardware business, but I don’t see why it would do this,” said Morningstar analyst Toan Tran.
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