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.

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.

Poly makes office tools that support hybrid work. Photo: Poly HP Inc. plans to acquire workplace-technologies company Poly Inc. as the company looks to enhance its hybrid-work offerings.

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.

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.

HP is acquiring the Santa Cruz, Calif.-based collaboration solutions manufacturer Poly in an all-cash deal worth $3.3 billion in a bid to further develop the company’s hybrid work and collaboration ...

Combination accelerates HP’s growth strategy and creates leading portfolio of hybrid work solutionsPALO ALTO, Calif. and SANTA CRUZ, Calif., March 28, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ ...

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.

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.

Palo Alto-based HP is offering $40 a share for Poly, which is about 53% above where the Santa Cruz-based video conferencing and headset maker closed on Friday.

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.