3Com

(Newser) - National security concerns have blocked the $2.2 billion sale of network-equipment maker 3Com Corp to US private equity firm Bain Capital Partners and a Chinese technology company, Reuters reports. Lawmakers had opposed the deal because Huawei, China's biggest network equipment maker, is purported to have ties to China’s...

(Newser) - National security concerns have scuttled the buyout deal for 3Com by private equity firm Bain Capital and a Chinese telecom, the Wall Street Journal reports. 3Com, which supplies networking services to the Defense Department, withdrew its application from the Committee on Foreign Investment in the US, having been unable to...

(Newser) - Chinese company Huawei Technologies Co. will help private equity firm Bain Capital buy 3Com Corp., a flailing US telecommunications company, by picking up almost 20% of the tab. Recently Chinese businesses have bought strategic stakes in US companies rather than full buyouts to skirt political scrutiny, which can lead to...