TweakTown
Tech content trusted by users in North America and around the world
5,683 Reviews & Articles | 36,173 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Logitech takeover by Microsoft dismissed

an operation without sense

| Posted: Mar 10, 2008 12:09 pm

Following recent rumours to have surfaced in relation to an alleged $8 billion takeover bid by Microsoft to swallow up its number one rival in the input device market, Logitech; we're now hearing it from the horse's mouth that this would simply be 'an operation without sense'.

 

 

During an interview for an Italian newspaper yesterday, Logitech's chairman Guerrino De Luca came forward with the above statement, reiterating the fact that without competition Logitech would lose all incentive to innovate, something they're reknowned for doing exceptionally well.

 

Moreover, there would be problems from antitrust authorities seeing as the two companies together would have a virtual global monopoly in mice and keyboards.

 

Head over to Reuters for the full story.

 


MILAN (Reuters) - Any takeover bid for peripherals maker Logitech International SA (LOGN.VX: Quote, Profile, Research) by Microsoft Corp (MSFT.O: Quote, Profile, Research) would be "an operation without sense", Logitech's chairman was quoted as saying in an Italian newspaper on Sunday.

 

Shares in Swiss-based Logitech rose in January based on speculation Microsoft would launch a takeover bid. Analysts dismissed rumours of an $8 billion (4 billion pound) takeover bid and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his stake.

 

Further Reading: Read and find more news at our news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below