In a move that might raise security concerns from the U.S. government, 3Com continues to expand in the Chinese IT industry. From CNet News: Network equipment maker 3Com announced Wednesday a new CEO who will be based in China....
From Caijing.com.cn: Based on the chorus of opposition in Washington, the proposed buyout of U.S. communications networking company 3Com seems even more unsettling to the American public than China National Offshore Oil Corp.’s attempted purchase of California-based Unocal – a deal that collapsed two years ago under pressure from the U.S. Congress. 3Com’s proposed sale […]
From the Boston Globe: The long-rumored private equity buyout of 3Com Corp. came to fruition yesterday, as Bain Capital and Chinese networking company Huawei Technologies acquired the communications networking company for $2.2 billion in cash. “We believe that this agreement better positions 3Com to establish itself as a global networking leader, which will benefit our […]
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