Feeds

China link puts 3Com takeover in doubt

US government extends investigation

Next gen security for virtualised datacentres

There is another cloud over Bain Capital and Huawei Technologies's takeover of 3Com - the US Congress committee into foreign ownership is extending its investigation into the offered buyout.

In September Bain and Huawei agreed to pay $2.2bn for the networking company. Despite offering a premium of 44 per cent more than the share price, the deal already faces a class action case from shareholders unhappy with the valuation.

Now the Committee on Foreign Investment in the United States (CFIUS) has extended its investigation into the deal by 45 days.

Investigations typically last for 30 days and are not often extended.

The Committee is concerned there may be national security implications to letting the takeover go ahead. Last year Australia, the US, France and the UK all blamed the Chinese government for hacking attacks on government computers.

3Com is a supplier to the Department of Defense, and Huawei will end up with a 16.5 per cent stake in 3Com should the takeover succeed.

The Committee could block the deal altogether or require that 3Com get rid of parts of its business like TippingPoint, its network intrusion software. The FT has more here. ®

Next gen security for virtualised datacentres

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.