Belkin announced Friday that they have finally completed the acquisition of Linksys from Cisco and has decided that rather than absorbing the product into Belkin’s existing brand, Linksys will be managed and maintained as a separate portfolio.
“One Billion Dollars,” is the kind of thing you’d hear from the lips of Dr. Evil from an Austin Powers movie. But today for the folks over at Instagram, Facebook founder and CEO Mark Zuckerberg sounds more like the Easter Bunny than an evil-doer on this holiday Monday, as he announced that Facebook will be buying Instagram for the tune of approximately that same amount – $1 billion. And that’s a lot of eggs.