Belkin Completes Linksys Purchase

Back in late January of 2013, Belkin announced that it intended the purchase Linksys from Cisco. Cisco had originally purchased Linksys for $500 million in 2003 in an effort to gain access to the consumer networking market. That investment didn't work out so well for Cisco and the company began searching for a buyer last year.

Belkin announced on March 15 that it completed its acquisition of Linksys. Belkin will continue to manage Linksys as a separate brand and product portfolio, which means the Linksys name will live on as promised.