Huawei Over The Years: Long Road To U.S., Success No Guarantee


2008: U.S. Government Kills Huawei's Planned 3Com Purchase

Bain Capital Partners in March 2008 terminated its proposed $2.2 billion acquisition of 3Com and said that merger talks between 3Com and Huawei had dissolved and that national and political security concerns stymied the deal.

3Com, however, said at the time that it still planned to move forward with its shareholder meeting to vote on the proposed merger and urged shareholders to vote in favor of the buyout plan.

Bain said the Committee on Foreign Investment in the United States (CFIUS) was going to prohibit the deal, which would've given a 16 percent stake in 3Com to Huawei.

 



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