Streamlabs (OBS Software) Purchased By Logitech For $89 Million

by Hilbert Hagedoorn on: 09/27/2019 08:59 AM | source: | 33 comment(s)

Logitech announced that it has agreed to acquire Streamlabs. Streamlabs is a leader in software and tools for live streaming, allowing game streamers to engage with viewers, across platforms like Twitch, YouTube, Mixer and Facebook.

Ujesh Desai, general manager and vice president of Logitech G, commented: “We’ve been fans of Streamlabs and their software since we started partnering with them over two years ago. Their industry-leading software is complementary to our existing gaming portfolio, and we believe we can do even greater things together.”

Ali Moiz, Streamlabs’ chief executive officer, said: “Streamlabs and Logitech both share a strong passion for gaming and a dedication to serving the global community of gamers and streamers. Joining with Logitech allows us to keep doing what we love and be bolder than ever on a much bigger stage.”

Logitech has agreed to acquire Streamlabs for 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.

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IchimA
Senior Member

Posts: 1159
Joined: 2008-12-12

#5714937 Posted on: 09/27/2019 09:13 AM

For that kind of money I am for sale also

) . Joking aside ... "But why?"

Agonist
Senior Member

Posts: 2905
Joined: 2008-10-13

#5714951 Posted on: 09/27/2019 10:30 AM

Well that sucks. StreamLabs was pretty cool. Especially with their features when using it with OBS capture source to streamlabs for sending it to twitch.

UZ7
Senior Member