Logitech Buys LIVE Stream Tool Maker For $89M
Logitech has agreed to acquire Streamlabs, global provider of tools for professional live streamers, for approximately $89 million in cash, with an additional payment of $29 million in Logitech stock.
Considered one of the best free tools for live streamers and gamers, Streamlabs offers the largest set of features for users to engage better with their audience, grow their brands and channels, and monetising their broadcasts across go-to platforms like Twitch, YouTube, Mixer and Facebook.
“Streamlabs and Logitech both share a strong passion for gaming and a dedication to serving the global community of gamers and streamers,” said Ali Moiz, Streamlabs CEO.
“Joining with Logitech allows us to keep doing what we love and be bolder than ever on a much bigger stage.”
The acquisition is seen by Logitech as a way to better integrate Streamlabs’ Open Broadcast Software (OBS) with their range of popular gaming and streaming peripherals (such as its webcams and mics) already being used by streamers.
“We’ve been fans of Streamlabs and their software since we started partnering with them over two years ago,” said Ujesh Desai, General Manager and Vice-President of Logitech.
“Their industry-leading software is complementary to our existing gaming portfolio, and we believe we can do even greater things together.”
The Streamlabs acquisition is not expected to materially impact Logitech’s FY2020 annual net sales or non-GAAP operating profitability.
It is subject to customary closing conditions and is expected to close in the coming weeks.