HP Inc said on Monday it would buy audio and video devices maker Poly for $1.7 billion in cash as it looks to capitalise on the hybrid work led boom in demand for electronic products.

HP announced it would buy office headset-maker Poly for $3.3 billion last week. It’s a big-ticket bet on hybrid work for an old guard tech giant that's on the lookout for its next chapter.

Plantronics' (now Poly's) long independent streak is coming to an end. Reuters reports HP is acquiring Poly in an all-cash deal worth $3.3 billion including debt.

PALO ALTO, Calif. and SANTA CRUZ, Calif., March 28, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today announced a definitive agreement to acquire Poly (NYSE: POLY), a leading global provider of ...

HP Inc. plans to acquire workplace-technologies company Poly Inc. as the company looks to enhance its hybrid-work offerings. The personal-computer giant said Monday that it intended to purchase ...

HP Inc. has agreed to buy Poly, formerly known as Plantronics Inc., in a $3.3 billion deal that will help the laptop-maker further capitalize on the pivot to hybrid work.

HP is hoping to change the post-pandemic hybrid work landscape with its $3.3 billion acquisition of Poly, a $1.7 billion global provider of videoconferencing and audio peripheral solutions.

Plantronics, Inc. POLY has announced a deal under which it will be acquired by HP Inc. HPQ for $40 per share in cash, representing a total enterprise value of $3.3 billion.In response to the news ...

HP CEO Enrique Lores told analysts that his company’s $3.3 billion acquisition of Poly creates a “more growth-oriented portfolio” that will drive “significant” returns for shareholders.

After closing the deal, HP expects to generate $500 million in revenue and increase Poly's revenue growth to an approximately 15-percent CAGR (compound annual growth rate) in the first three years.

If approved, the all-cash transaction at $40 per share would see HP acquire Poly for $1.7bn though the deal itself is valued at $3.3bn as it also includes Poly's net debt.

PC and printer giant HP announced today (28 March) that the agreed acquisition deal is $40 per share, which implies a total enterprise value of $3.3bn, including Poly’s net debts.