Print 19 comment(s) - last by Milliamp.. on Jan 26 at 5:35 PM

Belkin plans to buy Linksys

Cisco has been looking to ditch its Linksys home networking division since December and reportedly hired Barclays PLC to help find a buyer. Cisco originally acquired Linksys in 2003 for $500 million to get itself into the consumer networking market.

It looks like Cisco has finally found a buyer with Belkin announcing this week that it intends to acquire the Linksys division. The deal will see Belkin acquiring Linksys products, technology, the Linksys brand, and employees. Belkin says the Linksys main office will be located in Irvine, California.

Cisco/Linksys E4200V2 Dual-Band Wireless Router

“We’re very excited about this announcement,” said Chet Pipkin, CEO of Belkin. “Our two organizations share many core beliefs – we have similar beginnings and share a passion for meeting the real needs of our customers through the strengths of an entrepreneurial culture. Belkin’s ultimate goal is to be the global leader in the connected home and wireless networking space and this acquisition is an important step to realizing that vision.”

Belkin says that it will maintain the Linksys brand and offer support for existing Linksys products as part of the transaction. Belkin will honor all valid warranties for current and future Linksys products. Belkin also says that after the transaction closes it will own about 30% of the retail home and small business network market.

The terms of the transaction are unannounced and the deal is subject to customary closing conditions. Belkin and Cisco expect the deal to close in March 2013.

Source: Belkin

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By Bainne on 1/25/2013 9:18:06 AM , Rating: 3
Well there goes the neighborhood.

I'm surprised Cisco isn't finding success with Linksys, the two were an excellent pairing. Cisco and Linksys had like minds when it came to quality, substance and end user support, they were both at the top of the pile.

Belkin is the cheap street walker that you get because she agreed to drop the price of a handy by 75%

RE: Ewwwwww
By kattanna on 1/25/2013 10:12:21 AM , Rating: 2
the cheap street walker that you get because she agreed to drop the price of a handy by 75%

I'm failing to find the negative here


RE: Ewwwwww
By Manch on 1/25/2013 10:26:29 AM , Rating: 2
I'm not finding the correlation.

Belkin sucks.

75% discount on a handy is a win! LMFAO!

RE: Ewwwwww
By degobah77 on 1/25/2013 10:29:59 AM , Rating: 2
I believe it has something to do with a cheap street walking whore? Have at it, I'll pass.

RE: Ewwwwww
By Manch on 1/25/2013 10:41:59 AM , Rating: 2
joke bro....calm down

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