Belkin has just struck a deal to acquire Cisco’s Home Networking Business Unit, which will bring Linksys’ name, products, technology and employees under its new owner’s umbrella. Mothballing isn’t in the cards for Linksys, however, as Belkin plans to keep the brand alive and even offer support for its existing products. The two networking titans haven’t said a peep regarding a sticker price, but they expect the pact to be finalized in March. Once the transaction is rubber stamped, Belkin figures it’ll compose roughly 30 percent of the home and small business networking retail market in the US.
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Belkin to acquire Cisco’s home division, scoop up Linksys in the process