Sunday, October 22, 2006

paidContent - The Economics of Content - Logitech Snaps up Slim Devices for $20 Million

"Logitech International recently acquired Slim Devices for $20 million, adding the maker of network-based audio systems to its diverse product line that ranges from computer mice to iPod headphones. The Swiss company said the acquisition, which also includes a performance-based payment for meeting future revenue targets, will allow it to meet the needs of people who want to control their digital music and Internet radio anywhere in the home. The acquisition is not expected to have a material impact this fiscal but CEO Guerrino De Luca said in the announcement that “we believe the long-term potential to be very promising.” "

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