2006: 3Com Tries To Buy Huawei's Stake In Joint Venture
3Com in late 2006 planned to take full ownership of its China-based joint venture by buying out partner Huawei Technologies' 49 percent stake in the Huawei-3Com (H3C) joint venture for $882 million. That deal, which was subject to approval by the People's Republic of China, represented an implied equity value of $1.8 billion.
Through H3C, formed in 2003, 3Com began selling Huawei networking products and later jointly developed products, including high-end routers and switches.
That plan didn't pan out.