3Com-Huawei Merger Officially Dead
Posted by Joshua Price on March 21, 2008
We can now claim another victory in the name of American sovereignty and security:
An investment firm ended the last possibility of a proposed merger between the telecommunications company 3Com and a Chinese firm by saying yesterday the deal would not be restructured and offered again for U.S. government review.
Bain Capital Partners, an international investment company that was brokering the merger, said in a statement it will not attempt to salvage the $2.2 billion merger agreement between 3Com and Huawei Technologies.
This is great news, but as we’ve seen there is always another deal like this when the works so we’ll be watching closely.