As it Turns Away from Plantronics, Will Logitech Acquire Turtle Beach?
*By Michael Teich*
Logitech may eye a Turtle Beach acquisition as it turns away from a Plantronics deal.
"Logitech has a great history as far as making very smart M&A transactions," said Tom Forte, a senior research analyst at D.A. Davidson. "I do see a potential longer term for Turtle Beach to be acquired. Logitech is one potential suitor ー Microsoft's ($MSFT) another," he added.
Logitech ($LOGI) was in talks to acquire headphone-maker Plantronics ($PLT) for a reported $2.2 billion, but the companies eventually terminated those discussions. Forte, praising Logitech's M&A history, said the failed deal was likely the result of an unattractive valuation.
"They clearly maybe stepped away because the price wasn't right, or something of that nature."
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Despite Turtle Beach's latest 630 percent surge in its stock price, Forte is certain its claim to fame, "Fortnite," is not just a fad that will suffer the same fate as "Pokemon Go."
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But the threat from big tech in the gaming business still looms.
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For full interview [click here](https://cheddar.com/videos/top-stocks-to-benefit-from-holiday-sales-surge).
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