# Foxconn Interconnect Technology to acquire Belkin International for $870M

Foxconn Interconnect Technology Limited signed a definitive agreement to acquire Belkin International, Inc. for approximately $870 million in cash. Belkin will operate as a wholly-owned subsidiary under its existing management.

- Type: Acquisition
- Announced: 2018-03-26
- Where: United States
- Value: $870.0M
- Status: announced
- Products: consumer electronics accessories, networking equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn Interconnect Technology](https://endata.com/companies/30935.md) (acquirer)
- [Belkin International](https://endata.com/companies/30936.md) (target)

## Sources

- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/FIT-HON-TENG-LIMITED-37543442/news/Foxconn-Interconnect-Technology-Limited-signed-a-definitive-agreement-to-acquire-Belkin-Internationa-34775622/), 2018-03-25: "Foxconn Interconnect Technology Limited signed a definitive agreement to acquire Belkin International, Inc. ... for approximately $870 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.