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Cisco to sell home networking unit Linksys to Belkin
2013-01-25 08:45:00| Telecompaper Headlines
(Telecompaper) Cisco has entered into an agreement to sell its home networking business unit, including the Linksys brand, to Belkin for an undisclosed amount. The company will account for around 30 percent of the US home and small business networking market after the transaction closes. Belkin CEO Chet Pipkin said the company aims to eventually become the global leader in connected home and wireless networking and the acquisition is an important step to that end. Belkin intends to maintain the Linksys brand and will support Linksys products. Belkin and Cisco will work together on various initiatives, including retail distribution, marketing and products for the service provider market. Customers are expected to benefit from a seamless user experience thanks to having access to Cisco specialised software across all Belkin product lines. The transaction is subject to standard conditions and is expected to close in March.
Tags: home
sell
unit
networking
Cisco to Sell Linksys Business to Belkin
2013-01-25 02:36:37| PC Magazine Wireless Networking Product Guide
Deal for an undisclosed sum expected to close in March, Belkin pledges to service existing Linksys home networking equipment and honor current warranties.
Tags: business
sell
cisco
linksys
Dole Food receives Chinas clearance to sell packaged foods and fresh produce businesses
2013-01-25 01:00:00| Food Processing Technology
US-based Dole Food has received approval from the Chinese Ministry of Commerce to execute the sale of Doles worldwide packaged foods and Asia fresh produce business to Japanese trading house ITOCHU for $1.68bn.
Dole Receives Chinese Approval to Sell Worldwide Packaged Foods, Asia Produce Units
2013-01-24 15:39:04| Agriculture - Topix.net
Dole Food Company, Inc. today announced that ITOCHU Corporation and Dole received unconditional approval from the Chinese Ministry of Commerce to implement the sale of Dole's worldwide packaged foods and Asia fresh produce business to ITOCHU.
Tags: sell
produce
chinese
asia
iPhone 5 Helps Apple Sell 47.8 Million Smartphones
2013-01-24 02:36:15| PC Magazine Cell Phones Product Guide
Customers were eager to snap up a new iPhone last year, with Apple selling almost 50 million smartphones during the fourth quarter.
Tags: sell
million
helps
apple
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