Cisco Systems is said to be in the works of selling off home wireless router-maker Linksys, according to Bloomberg.
Cisco has reportedly tapped financial services company Barclays to help it find a Linksys buyer. According to Bloomberg, the hope is that TV set makers may be interested in purchasing the company.
The networking-equipment maker bought Linksys for $500 million in 2003 as a way to facilitate its entry into the consumer networking market. Now, nearly 10 years later, it's looking like Cisco is trying to get out of this market.
Cisco has shuttered several of its consumer businesses the past couple of years, such as its Flip video business. It has also laid off thousands of employees with the end-goal of cutting about 14 percent of its global workforce, or around 11,500 employees.
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