(Ping! Zine Web Tech Magazine) – Router maker Linksys, currently a subsidiary of tech giant Cisco, could be on the auction block.
According to a Bloomberg news report, the company has hired Barclays Plc to help find itself a buyer.
Cisco originally purchased Linksys back in 2003 for the tune of $500 million but shedding the popular router maker could help the technology giant re-prioritize its focus on software after numerous job cuts in July.
The report also indicated that a purchase of Linksys could fetch interest from developers of TV sets.
It’s familiar territory for Barclays, though. The firm is also currently assisting Google with its Motorola Home Business.