This should be the most expensive takeover of the year, the tech peripheral company Logitech is said to have acquired a headphone making company for 50 million US dollars. Yes the news is absolutely correct and you heard it right too. The acquisition was for 50 million dollars in cash and 45 million dollar will be earning option depending on the growth targets and the achievements of Jaybird (The newly acquired headphone making company by Logitech).

The acquisition of the company’s has been confirmed too on the company’s blog. In a press release after the official completed formalities, Logitech explained that the takeover happened to explore the avenues in headphone market. Rory Dooley from Logitech further said that they always wanted to create the best possible user experience for their users. They are excited to work with their newly acquired business and looking forward to define user experience up to great depth. In recent years music industry has changed a lot. The demand for standard headphones has grown a lot than earlier. Logitech sees a lot of potential in the market and have further plans to evolve with sound defying technology for the users. Jaybird will still be a separate entity and can work freely like earlier they had been doing. Logitech just plans to help them move things faster with their experiments. There are certain rounds of further formalities left which is expected to be closing down with few further weeks. The acquisition is legally complete with last set of left formalities.

Logitech has been dealing with every day digital products of the user from last 30 years. They are known to be the emperors of the digital industry and after this business acquisition they are to be looked stronger and powerful than before. Logitech was founded in 1981 and is a Swiss company by its nationality.