With the acquisition, Foxconn hopes to accelerate entry into the smart home market.
Belkin also brings with it around 700 patents.
source: www.techworm.net
Foxconn to acquire Belkin International for $866 million in cash
Foxconn Interconnect Technology Limited and accessory maker Belkin International, Inc. jointly announced the signing of a definitive agreement under which FIT has agreed to acquire Belkin for $866 million by way of cash merger on Monday.
