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posted by Fnord666 on Tuesday March 27 2018, @01:21PM   Printer-friendly
from the don't-jump-to-conclusions dept.

Foxconn is attempting to acquire the consumer electronics and networking manufacturer Belkin International, which owns the Linksys and Wemo brands. However, the deal could be rejected by the U.S. Committee on Foreign Investment:

The Taiwanese company known best for manufacturing iPhones, Foxconn, will soon be the company behind some of the best known routers and other computer accessories. A subsidiary of Foxconn, Foxconn Interconnect Technology, announced today that it would acquire Belkin, which also owns the brands Linksys and Wemo.

[...] Foxconn will pay $866 million in cash to acquire Belkin. The Financial Times notes that the purchase should be subject to approval from the US Committee on Foreign Investment, meaning it isn't a done deal just yet. Given that there have been other high profile foreign acquisitions shut down under the Trump administration, one shouldn't consider this purchase safe — especially since it involves networking equipment. That said, Foxconn has pledged to build a $10 billion factory in Wisconsin, which could help it stay on the administration's good side.

Also at Bloomberg and 9to5Mac.


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  • (Score: 3, Funny) by Gaaark on Tuesday March 27 2018, @01:55PM (6 children)

    by Gaaark (41) on Tuesday March 27 2018, @01:55PM (#658967) Journal

    Hope Belkin's buildings aren't more than 2-3 stories tall...

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  • (Score: 4, Funny) by takyon on Tuesday March 27 2018, @02:03PM (4 children)

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Tuesday March 27 2018, @02:03PM (#658971) Journal

    Forget mesh networks, they need mesh nets.

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    • (Score: 0) by Anonymous Coward on Tuesday March 27 2018, @02:16PM (3 children)

      by Anonymous Coward on Tuesday March 27 2018, @02:16PM (#658973)

      Forget about mesh nets. Surgically attach a parachute to every employee. The company owns the slaves. The company can mandate body modification.

  • (Score: 2) by zocalo on Tuesday March 27 2018, @02:38PM

    by zocalo (302) on Tuesday March 27 2018, @02:38PM (#658985)
    Could bring a whole new meaning to the phrase "jumping ship" if the deal turns sour for Belkin employees.
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