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Logitech says any Microsoft bid 'without sense'

Any takeover bid for peripherals maker Logitech International SA by Microsoft Corp 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 rumors of an $8 billion takeover bid and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his stake.

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conjurdevil3427d ago

Microsoft it out to bid every other company?!
and guess what?Noone is accepting their bids!