Belkin have just announced that they have plans to acquire's Cisco's Home Networking Business Unit, which includes all of its products, technology, employees and even Linksys. Belkin have said that they will maintain the Linksys brand and will continue to offer support for Linksys products.
Support will include honoring warranty for all valid products under the Linksys umbrella, as well as future products. Once the deal is closed, Belkin will account for around 30% of the US retail home and small business networking market. It has worked out well for Cisco, who was looking to exit the consumer space and Belkin who are looking to juice up their presence in the consumer space scooping up Linksys and various other parts of Cisco's business will only help them achieve their goals.
Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.