Cisco (CSCO) is selling its Linksys home networking unit to rival Belkin for an undisclosed sum....

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) is selling its Linksys home networking unit to rival Belkin for an undisclosed sum. The price tag is likely well below the $500M Cisco paid for Linksys in '03. Belkin says it will maintain the Linksys brand - both brands compete with NetGear (NTGR). The deal is another step in Cisco's efforts to cut its dependence on low-margin hardware, and increase its reliance on software and services. (previous) Update: PrivCo thinks the price may be around $275M, given Linksys' revenue and multiples for comparable deals.