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Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Budweiser Super Bowl 2015 Ad Beer Run stars a Clydesdale

Budweiser Super Bowl 2015 Ad Beer Run stars a Clydesdale

Microsoft's HoloLens starts the Era of Holographic Computing

HoloLens starts the Era of Holographic Computing

Budweiser Super Bowl 2015 Ad Lost Dog Teaser Released

Budweiser Super Bowl 2015 Ad Lost Dog Teaser Released

2015 Pro Bowl Cheerleader

2015 Pro Bowl Cheerleaders

Belkin to Purchase Linksys from Cisco

Jan 25 2013, 10:26am CST | by , in News | Technology News

Belkin to Purchase Linksys from Cisco
 
Buy Linksys from Amazon Cyber Monday and Black Friday Now
 

Cisco finally offloads Linksys

Rumors surfaced last year that Cisco was shopping for a buyer to offload the Linksys consumer networking arm it purchased years ago for $500 million. Belkin has announced today that it has signed a deal with Cisco that will see Linksys become a Belkin company.

The financial terms of the deal between Belkin and Cisco are undisclosed. Whether or not Cisco made its $500 million investment back remains to be seen. Belkin will continue to sell products under the Linksys brand and promises that it will honor all warranties for existing and future Linksys products.

Belkin gets the Linksys name, products, technology, and employees in the deal. Belkin also says that once the deal closes, the acquisition will give it about 30% of the consumer networking market. The deal is expected to close in March of 2013.

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