CISCO is divorcing Linksys - Why?
@thebigk
•
Oct 22, 2024
Oct 22, 2024
1.0K
The networking giant CISCO is getting ready to offload Linksys - maker of networking related products which is acquired for ~$500 million back in 2003. The company is said to have hired Barclays to manage the sale.
According to Bloomberg, CISCO is getting ready to expand into corporate networking more and wants to get rid of the home-networking products division.
I'm a bit surprised by the move why CISCO is doing when my personal 'guess' is that the networking business is going to grow in near future multi-folds.
According to Bloomberg, CISCO is getting ready to expand into corporate networking more and wants to get rid of the home-networking products division.
I'm a bit surprised by the move why CISCO is doing when my personal 'guess' is that the networking business is going to grow in near future multi-folds.