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Plantronics to buy video conferencing gear maker Polycom for $2 billion

March 28, 2018 | Telepresence Options

Polycom_voice_solution.jpg

Story and images by CNBC

  • Headsets maker Plantronics said it would buy Polycom in a deal valued at $2 billion.
  • The deal comes two years after the video conferencing equipment maker was acquired by private-equity firm Siris Capital.
  • The cash-and-stock deal comprises about $948 million in cash and Plantronics shares worth $358 million, as well as $690 million in debt.

Headsets maker Plantronics said on Wednesday it would buy Polycom in a deal valued at $2 billion, two years after the video conferencing equipment maker was acquired by private-equity firm Siris Capital.

The cash-and-stock deal comprises about $948 million in cash and Plantronics shares worth $358 million, as well as $690 million in debt.

Polycom shareholders will own about 16 percent of the combined company.

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