Logitech international s.a. (swx:logn) agreed to acquire streamlabs, inc. for approximately $120 million.

Logitech international s.a. (swx:logn) agreed to acquire streamlabs, inc. for approximately $120 million on september 26, 2019. the consideration includes approximately $89 million in cash, with an additional payment of $29 million in logitech stock subject to the achievement of significant revenue growth targets for streamlabs. the cash and earnout consideration is payable to common stock holders, series seed preferred stock holders, series a preferred stock holders, series a-1 preferred stock holders whereas series b preferred stock holders are entitled to receive just the cash payment. the consideration is subject to final post-closing purchase price adjustment. the transaction is subject to customary closing conditions and is expected to close in the coming weeks. the streamlabs’ acquisition is not expected to materially impact logitech’s fiscal year 2020 annual net sales or non-gaap operating profitability.
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