Some of Our Sources
- Techcrunch
- Web Designer Wall
- Team Treehouse
- Joshua Blankenship
- Creative Curio
- FanExtra - PSD
- Specky Boy
- CSS Tricks
- Spyre Studios
- Web Resource Source
Help Webnuz
Referal links:
March 27, 2018 10:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/hf5268sqyKc/foxconn-announces-purchase-of-belkin-wemo-and-linksys
Foxconn Announces Purchase of Belkin, Wemo, and Linksys
Foxconn, the Taiwan-based company best-known for manufacturing Apple products announced that one of its subsidiaries (Foxconn Interconnect Technology) is purchasing U.S.-based Belkin for $866 million in cash. "Belkin owns a number of major brands, including Linksys and Wemo," notes Android Police. From the report: The buyout would make Foxconn a major player in consumer electronics, instead of just a contract manufacturing company. Belkin primarily sells phone/tablet accessories, but also manufactures networking equipment like routers and Wi-Fi range extenders. The company also sells a range of smart home products under the Wemo brand. According to The Financial Times, the purchase is subject to approval from the U.S. Committee on Foreign Investment. In other words, there is a very real chance the acquisition could be blocked. President Trump blocked Broadcom's acquisition of Qualcomm earlier this month, based on advice from the committee.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/hf5268sqyKc/foxconn-announces-purchase-of-belkin-wemo-and-linksys
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot