Microsoft to buy Logitech?

Speculation regarding a Microsoft takeover of Swiss-based peripherals firm Logitech has grown amongst traders, as the industry spanning giant increased its shares in the company to 12 per cent.

According to

Reuters

, rumors are circulating that Microsoft will launch a takeover bid for Logitech at 48 Franks per share, representing a premium of 38 per cent.

Such a move would leave Microsoft the largest peripherals manufacturer in the world.

Logitech – which is estimated to be worth 9.16 billion according to Wednesday’s closing share price of 34.8 Franks – is due to report its fiscal third-quarter results on January 17th.