Cisco is going away from consumer maket by selling its Linksys unit to Belkin

The Much awaited Sale of Linksys is now happening. Thursday January 24 2013, Belkin announced its intent to acquire Cisco’s Home business unit, Linksys.  Cisco has confirmed this announcement in its blog that company is pleased to preserve Linksys business and create a win-win relationship. Hilton Romanski, Cisco’s VP of Corporate Business Development, said “Linksys has long been an important member of the Cisco family and we are confident that we have found the best buyer in Belkin.”
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