Logitech To Buy Out Streamlabs For US$89 Million

Logitech recently acquired Streamlabs, the live streaming platform popularly known for its streaming app, OBS. The gaming peripheral brand had reportedly forked out approximately US$89 million (~RM373 million) for the platform and its app, in cash.

In addition to the US$89 million, Logitech supposedly promised an additional US$29 million (~RM121 million) in stock to Streamlabs. Should the latter manage to reach a specific KPI in revenue for its new owners.

At current, Streamlabs says that it has approximately 1.6 million streamers using its tools on a monthly basis, with over 161 million hours having been streamed through OBS. To be clear, that number is not inclusive of its mobile streaming app, of which it is said to have around 48000 active users.

Logitech acquisition of Streamlabs is a sound one, depending on the angle you look at it. As it stands, the brand is renown for its high quality, gaming-grade peripherals. Including mice, mechanical keyboards, gaming headsets, and webcams. With the acquisition, Logitech can now the latter hardware with the new streaming software, making it a more complete package for consumers.

Despite the acquisition, Ali Moiz, founder of Streamlabs, announced that OBS and its other tools will remain free-to-use, and that it will continue to support all currently existing platforms.

(Source: Logitech via Techspot, TechCrunch)

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