HP buys Poly, the company formerly known as Plantronics
Poly in an all-cash deal worth $3.3 billion including debt. HP said the purchase would bolster its"hybrid work" offerings, such as headsets and videoconferencing hardware. The computing giant didn't say if Poly would still operate as a distinct brand or retain its CEO , but the deal is expected to close by the end of 2022.
Don't expect this to lead to HP-branded consumer headphones or earbuds. When Plantronics rebranded as Poly, the company was already transitioning from personal audio to work-oriented products like meeting room speakers and videoconferencing cameras. Only a handful of items are designed with home use at least partly in mind. As it stands, HP already targets everyday users with itsWhatever HP's intentions, the buyout closes an important chapter in audio history.
about a possible deal. That fell through, but it was already clear the firm was open to a merger. The HP move might represent a happy ending in that light, even if Poly is losing its independence in the process. All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
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