Logitech has acquired Streamlabs for up to $118m in cash and stock, allowing Universal Music Group and other shareholders to exit.

Streamlabs, a US-based live streaming software producer backed by record label Universal Music Group (UMG), on Thursday agreed to an acquisition by computer peripherals vendor Logitech International for up to $118m. Logitech will pay $89m in cash, with an additional $29m in stock subject to revenue growth targets for Streamlabs. Founded in 2014, Streamlabs has…

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