HP Buys Poly in $3.3 Billion Remote-Work Gear Deal (1)

HP Inc. has agreed to buy Poly, formerly known as Plantronics Inc., in a $3.3 billion deal that will help the laptop-maker further capitalize on the pivot to hybrid work.

The all-cash transaction gives Poly’s shareholders $40 a share, a 53% premium to its closing share price Friday, the two companies said in a statement Monday. The $3.3 billion price tag refers to Poly’s enterprise value, which includes debt.

Acquiring Poly, which sells phone headsets and audio and video accessories, will help HP better meet customer demand, according to HP Chief Executive Officer Enrique Lores. Plantronics changed its ...