Cisco has reportedly signed an agreement with Belkin to sell its home networking business unit, including the Linksys brand, to the latter.
The company is expected to account for approximately 30 per cent of the home and small business networking market in the US, after the transaction is concluded.
Meanwhile, it is believed that Belkin intends to continue the Linksys brand and will support Linksys? products. Also, Belkin and Cisco are expected to collaborate on various initiatives, including retail distribution, marketing and products for the service provider market.
The transaction is subject to standard conditions and is expected to close in March 2013.
