This afternoon, Logitech announced that it has acquired popular sport Bluetooth headphone maker, Jaybird, to the tune of $95 million. Logitech will pay Jaybird $50 million in cash, but the they are including a $45 million earn-out, depending on how sales of Jaybird’s products continue over the next couple of years.
By buying Jaybird, Logitech is showing that it is taking audio more serious than ever. With Jaybird on board, they now own one of the best sport Bluetooth headphone makers and arguably the best Bluetooth speaker maker in Ultimate Ears (UE), who you may know from the UE Boom line.
Logitech tells us that Jaybird will remain a separate brand. All parties expect the acquisition to close in the coming weeks.
Via: Logitech
Related Stories
Logitech Acquires Jaybird is a post from: Droid Life
Gadget Reviews: mamaktalk.com
Car Reviews: automoview.com
Entertainment News: 38today.com
Today's Promotions: freepromotoday.com
Gossip News: 38now.com
[Recommended Post] Best natural looking Malaysian Girl - Photo Album
