A couple of weeks ago, it became known about Cisco's intention to sell the Home Networking Business Unit, which manufactures network equipment for home use.
And then it became known that there was a buyer - the company Belkin.
As a result of the transaction, Belkin will receive the brand at its disposal Linksys (it will be kept), as well as employees, technologies and finished products. Financial details of the deal have not yet been disclosed. It will be completed in March this year.
American corporation Belkin International, Inc. specializes in the production of all kinds of computer equipment for home users, as well as various accessories.