2018-03-30
Om Malik
Foxconn, facing tough competition from local Chinese companies and squeezed by Apple, sees a way to boost revenues and margins with the acquisition of Belkin
“I can't put my finger on why, but this acquisition seems weird to me,” writes John Gruber, describing Foxconn's decision to buy Belkin for $866 million. Tweets: @om Tweets: @om : So why did Foxconn b...
2018-03-27
Financial Times
29 related
Foxconn subsidiary FIT Hon Teng announces it will acquire Belkin, which owns Linksys and Wemo brands, for $866M, by way of a merger
A Hong Kong-listed subsidiary of Taiwan-based iPhone supplier Foxconn said on Tuesday it had agreed to buy US consumer electronics maker Belkin International for $866m by way of a merger.
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