The WSJ reports that network equipment maker 3Com is selling for more than $2 billion to Bain Capital and Huawei Technologies.
Chinese Huawei Technologies would take a minority stake in 3Com. I still remember the early days of Ethernet networks. 3Com cards were the must have back then.
3Com's last quarter showed a loss of $18.7 million. The deal is not official yet. The WSJ has the information from a 'person familiar with the matter'.
More details on the WSJ (Subscription).
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