Foxconn Buys Belkin for $866 Million

Devin Coldewey, reporting for TechCrunch:

Foxconn, best known for manufacturing practically everything in the world, has just announced the purchase of Belkin, the PC peripherals company, for $866 million in cash. That certainly makes it one of the larger consumer electronics acquisitions in recent memory.

You probably know Belkin for its various lines of accessories, peripherals, and assorted consumer electronics; Linksys, surely the most recognizable router brand, is a subsidiary. Wemo and Phyn might also ring a bell.

I can’t put my finger on why, but this acquisition seems weird to me.

Tuesday, 27 March 2018