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Logitech snaps up Ultimate Ears, chasing this "portable audio" market we've heard so much about

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Logitech is getting into the earbuds game, announcing today that it's buying privately-held Ultimate Ears. Historically focusing on spendy in-ear monitors for live musicians, Ultimate Ears has recently hit the earbud game with full force, and Logitech seems to want a piece of that action. Plus the acquisition price of $34 million is like, what, profits from your last seven minutes of iPod dock sales, Logitech? Logitech and Ultimate Ears expect the deal to close in August.

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