Technology

HP acquires communications hardware maker Poly for $3.3B

HP acquires communications hardware maker Poly for $3.3B

HP Inc. today announced that it’s acquiring Poly, a major maker of business headsets and conference phones, in a $3.3 billion all-cash transaction. The $3.3 billion price tag represents a more than 50% premium to the last closing price of Poly’s stock. HP expects to close the transaction by the end of the year. NYSE-listed Poly, officially Plantronics Inc., is a major maker of communications hardware.

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