Article 3KBW0 Foxconn to purchase Belkin along with Linksys and Wemo

Foxconn to purchase Belkin along with Linksys and Wemo

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from Techreport on (#3KBW0)

Hon Hai Precision Industry subsidiary Foxconn and Belkin have reached an agreement for the Taiwanese electronics megamanufacturer to purchase the router and accessory maker for $866 million in cash. The purchase includes Belkin as well as its Linksys, Wemo, and Phys sub-brands. The Financial Times says that Foxconn purchased Belkin in order to access its sales network, production capabilities, and portfolio of over 700 patents.

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