Logitech acquires headphone maker Jaybird for $50 mlnApril 13, 2016 - 14:40 AMT PanARMENIAN.Net - Logitech, maker of popular computer accessories and Bluetooth speakers, has acquired Salt Lake City-based Jaybird for $50 million in cash, with a potential earn-out of an additional $45 million if growth targets are met. The two companies announced the acquisition Tuesday, Aprik 12, The Verge said. According to a statement from Logitech, the acquisition is centered largely around the growth of audio and music-listening products. Since Jaybird's initial launch ten years ago, the company has released several pairs of headphones, from your average pair of wireless headphones, to these slightly cringe-worthy "sportsband" Bluetooth headphones, to the fan-favorite Jaybird BlueBuds X headphones. Jaybird also makes an activity-tracking wristband called the Reign. The company's founder and CEO, Judd Armstrong, said in a prepared statement that Jaybird will "benefit from Logitech's global distribution network and deep engineering prowess." Logitech acquired Ultimate Ears in 2008, and since then has released a variety of headphones and portable speakers under the UE label. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |