Bain Capital and Huawei Team To Buy 3Com for $2.2B
It’s official. Following months of rumors, network equipment maker 3Com announced Friday that it has been acquired by the global investment firm Bain Capital and its Chinese partner Huawei Technologies. The price tag: $2.2 billion in cash, with Huawei taking a minority share in the venture. 3Com has long been a leader in the networking industry, producing networking equipment like switches and …
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Categories: Finance
30Sep