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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: 3com | huawei

Print Edition

FinanceAsia Print Edition