Cisco Sells Linksys Division to Belkin
Published on: 25th Jan 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Cisco is selling its Home Networking Business Unit including its products technology and the Linksys brand to Belkin for an undisclosed amount.
Belkin said that it intends to maintain the Linksys brand and will offer support for Linksys products as part of this transaction. All valid warranties will be honored by Belkin for current and future Linksys products.
After the transaction closes, Belkin will account for approximately 30 percent of the U.S. retail home and small business networking market.
The transaction is subject to various standard closing conditions and is expected to close in March 2013.
Although Belkin put out a press release announcing the deal, Cisco buried its announcement on its blog.