3Com Takes Controlling Interest in Chinese Joint Venture
Paul Musich writes on eWeek:
3Com Corp. on Feb. 2 announced it has bought controlling interest of its joint Chinese venture with Huawei Technologies.
3Com bought the 2 percent it needed to gain 51 percent control over Huawei-3Com Ltd. (H-3C) joint venture for $28 million, giving it governance rights and control over the board of directors.
posted by Fergie @ 2/03/2006 07:03:00 AM
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