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12.29.2015 - Logitech Creates New, Standalone Lifesize



View Logitech-Press related news. Dateline City: NEWARK, Calif. & LAUSANNE, Switzerland Logitech focuses on growing retail business; remains Lifesize shareholder NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that its Lifesize division has separated from the Company to become Lifesize, Inc., a private entity. Three venture capital firms – Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners – have invested $17.5 million into Lifesize and join Logitech as shareholders. Logitech will hold a 37.5 percent share in the company, based on shares outstanding immediately following the investment. Language: English Contact: Editorial Contacts:Logitech InternationalJoe GreenhalghVice President, Investor Relations – USA510-713-4430orKrista ToddVice President, External Communications – USA510-713-5834orBen StarkieCorporate Communications – Europe+41-(0) 79-292-3499 Ticker Slug: Ticker: LOGN Exchange: SWX Ticker: LOGI Exchange: NASDAQ read more

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NID: 57508 / Submitted by: The Zilla of Zuron
Categories: Press Release
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