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Unconfirmed rumor: Belkin paid a mere $65 million for Linksys

Hummelstown, PA:   Wed, 4/24/13 - 9:10pm    View comments

10-years ago on March 20, 2003, Cisco announced it was acquiring home networking vendor, Linksys:

"Under the terms of the agreement, Cisco will issue common stock with an aggregate value of approximately $500 million to acquire the Linksys business and to assume all outstanding employee stock options."

Last week, BradReeseCom received an unconfirmed rumor that Belkin paid a mere $65 million for Linksys!

Related stories:

Unconfirmed rumor: Belkin will guillotine Linksys staff in October

Unconfirmed rumor: Belkin to purchase Cisco Linksys division

Is Cisco getting ready to close Linksys and announce more layoffs?
 

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