Belkin have laid out plans to acquire Cisco’s Home Networking Business Unit, which will include Linksys and all of their products and employees. Belkin will continue to maintain the Linksys brand and will honour any warranties on products, past, present and future.
Once Belkin seal the deal, it will see the company take around 30% of the US retail home and small business networking market – nothing to complain about there for Belkin. Cisco don’t mind getting rid of their Home Networking division, as they wanted to get out of the consumer space.
We should see more on this in the coming weeks.
Source: TheNextWeb
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