Belkin has announced that it has struck a deal with Cisco to purchase
the company’s Linksys home router business, which will give the company
a 30 percent share of the home router and small business networking
market in the US.
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.”
There are no details as yet on how much Belkin have paid Cisco for
Linksys, as soon as we get some more information we will let you guys
know.
