The Linksys Group was founded in 1988 and has 308 employees. The Linksys business, led by Tsao, will report to Charlie Giancarlo, Cisco senior vice president and general manager, product development.

Cisco will issue about $500 million in common stock to buy the privately held Linksys’ assets and assume all outstanding employee stock options. The deal has gained the approval by the board of ...

Cisco recently engaged Barclays to help sell off the home networking division. Belkin's purchase of Linksys is expected to close in March 2013, but the companies did not reveal the purchase price.

The companies have reached an agreement under which Cisco will issue about $500 million in common stock to purchase Linksys, based in Irvine, Calif., and cover its employee stock options, Cisco said.

Cisco, the San Jose, Calif.-based dominant provider of network equipment to large enterprises, last month agreed to buy Linksys, a major vendor of network gear for homes and small businesses in ...

Cisco will issue about $500 million in common stock to buy the privately held Linksys’ assets and assume all outstanding employee stock options. The deal has gained the approval by the board of ...

Cisco bought Linksys, already a strong home and small-business networking vendor in the U.S., in 2003. Also: Read Cisco Subnet’s Channelguy’sanalysis of this news.

The divesting of Linksys does indeed align with the direction Cisco stated it was headed in 2011, namely the shedding of consumer businesses and focusing on five specific areas: "core routing ...

Cisco, which dominates the market in networking equipment for large companies, entered the consumer market when it bought Linksys in March 2003 for $500 million.

Cisco wants to sell Linksys as part of its strategy to exit consumer businesses. … [It has] closed businesses such as the Flip video-camera unit…after a foray into consumer technologies backfired.

Ever since Cisco (NASDAQ:CSCO) entered the consumer market by buying Linksys, nearly a decade ago now, it has been subject to case-after-case of the stupids. One of my earlier stories at ZDNet ...

Cisco Systems introduced a rebate program on Friday to encourage owners of its Linksys home networking gear to trade up to higher-end products. Customers can get a 100 percent cash rebate on ...