3Com To Be Aquired By Huawei And Bain Fro $2 Billion

Posted: Sep 28 2007, 7:32am CDT | by , Updated: Aug 11 2010, 4:05am CDT, in News | Technology News

 
3Com to be aquired by Huawei and Bain fro $2 Billion
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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).

This story may contain affiliate links.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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