Cisco is reported to be selling Linksys
It’s been little under a decade since Cisco acquired Linksys for half a billion US dollars. But just when things seemed to be going OK, the California-based networking giant is said to be consulting Barclays to find a new owner for their consumer-centric product line.
Just like Flip Video, which the company acquired in March of 2009 and was shut down last year, this alleged sell-off is the result of the company’s on-going efforts to get out of the consumer business and shift their attention (and financials) to their enterprise endeavors.
Described as “a mature consumer business with low margins” by Bloomberg, it’ll be a longshot for Linksys to find a prospective buyer who’ll be willing to shell out the same amount or anything close to what Cisco paid them back in 2003. The only thing that’s going for Linksys right now is their popularity in the consumer market, but other than that, it’s going to be an uphill battle to convince interested parties to buy the networking company.