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Cisco acquires Linksys

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On March 20, 2003, 12:15 PM

Networking giant Cisco Systems on Wednesday said it would buy Linksys, a manufacturer of networking gear for consumers, in a stock deal valued at $500 million.
The deal will facilitate Cisco's entry into the consumer networking market, the company said in a statement. Following the close of the acquisition, Cisco will operate Linksys as a division and will continue to sell its products under the Linksys brand name.

Source: [URL=http://news.com.com/2100-1035-993457.html?tag=fd_top]CNet News[/URL].

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