3Com to own 100% of Huawei 3Com
3Com spends $882 million to increase its stake in its China joint venture from 51% to 100%.
3Com Corporation has acquired the 49% of its China joint venture Huawei 3Com that was owned by partner Huawei Technologies. The stake cost 3Com $882 million and takes its ownership to 100%. The agreed price represents an implied equity value for Huawei 3Com of $1.8 billion.
As per the shareholders' agreement between the partners, 3Com initiated a bid process on November 15. Private equity firms TPG, Silver Lake Partners and Bain Capital were also invited to submit bids. Huawei...
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