Logitech denies Microsoft takeover speculation again
10 Mar 2008 | 09:09 GMT
'an operation without sense'
MARKET-LEADING MOUSE MAKER Logitech has denied it is the subject of a takeover bid from its number one rival, Microsoft. Logitech's chairman Guerrino De Luca told Italian newspaper Corriere della Sera yesterday that it would be "an operation without sense".
In January, when analysts dismissed rumours of an $8 billion takeover bid, Logitech director Daniel Borel, the company's largest shareholder, said he saw no reason to sell his stake, adding that without competition Logitech would 'lose the great pressure to innovate' and that there would inevitably be problems with antitrust authorities as the two companies would have an effective global monopoly in mice and keyboards. µ
L'Inq
Reuters
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