Rumor: Cisco wants to Linksys sell

The manufacturer of network equipment Cisco is reportedly planning to Linksys, the division for consumentenrouters to divest. That would fit in the strategy of Cisco to focus more on the business market. Previously stopped Cisco has therefore already with the sale of Flip cameras.

Cisco has, according to the financial news agency Bloomberg, the British bank Barclays hired to the sale of Linksys to guide. That claims to be the news to have heard from unnamed sources that ‘knowledge’ of the situation. How much Cisco would want to get with a sale is not clear.Bloomberg notes that the company is likely to be less for the Linksys will then get the amount of $ 500 million that Cisco with the acquisition of Linksys paid. The division would moderately perform.

The network company out of San Francisco bought Linksys in 2003. A sale of Linksys would fit into the strategy of Cisco to focus less on the consumer market and more on the business market. In that context, it stopped the company last year with the production of Flip cameras, while Cisco, the company Flip two years before, had bought for 590 million dollars. Cisco has the rumor been confirmed nor denied.