MILAN--Any takeover bid for peripherals maker Logitech International by Microsoft would be "an operation without sense," Logitech's chairman was quoted as saying in an Italian newspaper on Sunday. Shares in Swiss-based Logitech rose in January based on speculation Microsoft would launch a takeover bid. Analysts dismissed rumors of an $8 billion takeover bid.
Logitech is the market leader in PC mice, while Microsoft is its biggest competitor with "30 percent of our market," Logitech Chairman Guerrino De Luca told Corriere della Sera in an interview. When asked whether Microsoft had bought any stake in Logitech, De Luca replied: "It would not be opportune seeing as we are competitors."
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