Cisco/Linksys Buys Network Entertainment Firm For $61 Million

Linksys, the consumer networking division of Cisco, has bought out Kiss Technology of Hoersholm, Denmark, for $61 million in cash. Kiss makes DVD players and recorders that can be connected to the Internet to also provide VOD. Kiss has arrangements with content providers in Europe, including TV stations and the likes of Movielink.

Kiss has already established a sales channel in Europe, and Cisco plans to continue selling the product there. But it has not yet disclosed plans for marketing the product in other parts of the world including the U.S.

Some more details in the release