Cisco a vandut afacerea Linksys catre Belkin

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Apparently Cisco CEO John Chambers was pretty serious about dialing back Cisco’s consumer technology portfolio —the company is selling its Linksys home networking business to Belkin.

Belkin said Thursday that it has entered an agreement with Cisco to acquire the latter company’s Home Business Networking Business Unit for an undisclosed sum in a deal expected to close by March.

“We’re very excited about this announcement. 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 CEO Chet Pipkin said in a statement announcing the deal.

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