Feeds

China link puts 3Com takeover in doubt

US government extends investigation

Beginner's guide to SSL certificates

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. ®

Intelligent flash storage arrays

More from The Register

next story
The cloud that goes puff: Seagate Central home NAS woes
4TB of home storage is great, until you wake up to a dead device
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Intel offers ingenious piece of 10TB 3D NAND chippery
The race for next generation flash capacity now on
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.