March 28, 2018 / 11:20 AM / 23 days ago

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

March 28 (Reuters) - Headsets maker Plantronics Inc said on Wednesday it would buy privately held video conferencing equipment maker Polycom in a deal valued at $2 billion.

The cash-and-stock deal comprises about $948 million in cash and 6.352 million Plantronics shares, as well as $690 million in debt. (Reporting by Sonam Rai in Bengaluru Editing by Saumyadeb Chakrabarty)

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