Streamlabs is being acquired by Logitech for approximately $89 million in cash. Logitech will pay an additional $29 million stocks if the company earns a good revenue Streamlabs makes the famous live streaming app Streamlabs OBS. Logitech is increasing its streaming dominion. The deal is expected to be approved by the regulators till next week.
The acquisition will help Streamlabs to gain the resources and expertise of Logitech, said Streamlab’s CEO Ali Moiz. “Both Streamlabs and Logitech have strong brands in the gaming space with millions of users. While we help streamers broadcast, monetize and look their best via software, Logitech’s gear enables them to look, perform and sound amazing. When my brother Murti and I founded Streamlabs our goal was to enable streamers to pursue their passion while making a living. Now that we’re part of the Logitech family, we’ll be able to take this so much further with their reach, resources and expertise,” said Moiz.
Streamlabs was made to help the streamers for management of various aspects of broadcast like displaying on-screen messages when the users take their subscription. Logitech deals with the production of gaming and streaming peripherals like nice, webcams and keyboards. It also has Blue Microphones which is a popular mic choice of streamers. Logitech acquired the Microphones in 2018. Acquiring Streamlabs will be beneficial for Logitech since many hardware used by streamers are from Logitech.
According to Streamlabs website, it is being used by 70% of Twitch. It also claims that 15,000,000 streamers are already using Streamlabs. It has a good user interface as compared to Open Broadcast software.
Streamlabs OBS has numerous options and apps that can be used to make a perfect look for the stream. It is quite sophisticated too.
Ujesh Desai Vice President/General Manager of Logitech said, “We’ve been fans of Streamlabs and their software since we started partnering with them over two year ago… Their industry-leading software is complementary to our existing gaming portfolio, and we believe we can do even greater things together.”
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