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Foxconn to Acquire Belkin International (Linksys)

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

takyon writes:

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: 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 takyon on Tuesday March 27 2018, @02:36PM (1 child)

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Tuesday March 27 2018, @02:36PM (#658983) Journal

    https://soylentnews.org/article.pl?sid=18/03/15/2115215 [soylentnews.org]

    "I'm here to make the argument that you have a moral imperative, if you're an employer, to hack your employees," said Dave Asprey, founder of Bulletproof 360, during a session called "Would You Let Your Boss Biohack You?"

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

  • (Score: 2) by bob_super on Tuesday March 27 2018, @05:46PM

    by bob_super (1357) on Tuesday March 27 2018, @05:46PM (#659059)

    Why bother with parachutes or nets, when you can just use butcher hooks to keep them attached to the ceiling?
    Sure, the cauterization process to limit the bleeding is a bit painful, but the company provides really good earplugs.