Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 25 January 2013 16:35

Cisco sells Linksys to Belkin

Written by Slobodan Simic


linksys logo


Pulls out of home networking market


Cisco's sale of Linksys has been making news ever since the company hired Barclays to help with the sales but the exact buyer was a mystery, at least until today. Belkin has apparently stepped up and struck a deal with Cisco. The deal should be finalized by March this year.

Cisco has been behind Linksys for 10 years as it bought the company back in 2003 for US $500 million. Earlier, Bloomberg reported that it is highly unlikely that Cisco will be getting those US $500 million back due to quite low margins in that part of the home network market.

Cisco has been slowly pulling out of the consumer business and is focusing on big businesses. Existing customers need not worry as Belkin announced that it will maintain the Linksys brand, offer full support for Linksys products and honor all valid warranties.

The companies did not reveal any precise details regarding the actual deal.


Last modified on Friday, 25 January 2013 17:13
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments