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Old 01-25-13, 10:10 AM   #1
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Post Cisco to sell Linksys to Belkin, will exit home networking market

Belkin has struck a deal to buy Linksys from Cisco, bringing Cisco's 10-year dalliance with the consumer networking market closer to an end.

Cisco's Linksys division sells routers and wireless access points to consumers, which is in line with Cisco's overall focus on networking gear but diverges from the company's core focus on selling to big businesses rather than home users. Cisco has been gradually stepping out of the consumer business'for example, by killing off the Flip camera line andUmi home videoconferencing.

Cisco recently engaged Barclays to help sell off the home networking division. Belkin's purchase of Linksys is expected to close in March 2013, but the companies did not reveal the purchase price. Cisco bought Linksys in 2003 for $500 million.

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