Belkin acquires Linksys brand

Almost 10 years ago, Cisco bought Linksys and entered the home networking market. This week that experiement ended as Cisco has sold the Linksys brand to Belkin for an undisclosed amount of money. Belkin isn't the biggest name in home networking, but with the acquisition of Linksys they now control 30% of the market and are a major player. Belkin appears like they are going to keep the Linksys brand name (which is probably a good move since it's one of the most recognizable networking brands). Allthindsd has more info on this deal.

Looking back, it’s hard to figure out what networking giant Cisco Systems ever wanted with consumer goods, anyway. But now the distraction of trying to sell stuff to consumers and not companies is gone.