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 $2.2 billion, but the companies eventually terminated those discussions. Forte, praising Logitech's M&A history, said the failed deal was likely the result of an unattractive valuation.
"They clearly maybe stepped away because the price wasn't right, or something of that nature."
The holiday shopping season is a lucrative time for retailers, but some are better-positioned than others to emerge as victors.
Despite Turtle Beach's latest 630 percent surge in its stock price, Forte is certain its claim to fame, "Fortnite," is not just a fad that will suffer the same fate as "Pokemon Go."
That's why Turtle Beach ($HEAR) is his top stock pick heading into the holidays.
But the threat from big tech in the gaming business still looms.
"If you want to talk about gaming and cloud you have to talk about Amazon ($AMZN). They talk about cloud in crowd with the popularity of games and their ability to host those games on their cloud computing effort," Forte said.
For full interview [click here](https://cheddar.com/videos/top-stocks-to-benefit-from-holiday-sales-surge).
Tom’s Guide Editor-in-Chief Mark Spoonauer breaks down Apple & Amazon's latest product drops—what's hot, what's hype, and what really matters for users.
InnerPlant CEO Shely Aronov reveals how engineered crops like soybeans and corn emit signals when stressed—offering farmers early warnings to boost yields.
Payoneer CEO John Caplan discusses the implications of $100K H1B visa requirements—and how they could reshape tech talent, hiring, and U.S. competitiveness.
Electronic Arts, the video game maker of “Madden NFL,” “The Sims,” and other popular titles, is being acquired and taken private for about $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.
