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: CNet News.