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Foxconn expands in CE market with acquisition of Belkin for USD 866 mln

2018-03-27 08:36:00| Telecompaper Headlines

(Telecompaper) Foxconn Interconnect Technology (FIT) has agreed to acquire Belkin International for USD 866 million in cash. The takeover will see the cable-making company expand into the consumer electronics market with brands such as Belkin, Linksys, Wemo and Phyn. 

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