Bain Capital and Huawei for two acquire 3Com
Recently it became known that the well-known manufacturer of network solutions, 3Com, was sold for $ 2.2 billion by Chinese Huawei Technologies and Hong Kong investment company Bain Capital. Strongly losing ground to competitors from Cisco, 3Com will now be 80% owned by Bain Capital and 20% by Huawei.
Apparently, the sale of shares of 3Com owners pushed three years of work at a loss and unsuccessful attempts by management to win back the positions lost in the market confrontation with Cisco. However, Bain Capital CEO Jonathan Zhu believes that 3Com has every chance to stay afloat, as it has “a strong position in the market” and a “serious growth potential.”
Completion of the transaction is scheduled for early 2008.
via Eweek , Physorg
Apparently, the sale of shares of 3Com owners pushed three years of work at a loss and unsuccessful attempts by management to win back the positions lost in the market confrontation with Cisco. However, Bain Capital CEO Jonathan Zhu believes that 3Com has every chance to stay afloat, as it has “a strong position in the market” and a “serious growth potential.”
Completion of the transaction is scheduled for early 2008.
via Eweek , Physorg
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Source: https://habr.com/ru/post/14705/
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