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US govt probes small Huawei takeover - report

Friday 28 January 2011 | 08:55 CET | News
The US government has begun to formally review a small acquisition that Huawei Technologies initially failed to disclose and could render a decision in mid-February, people familiar with the matter told the Wall Street Journal. A negative result could undo the USD 2 million deal for server-technology firm 3Leaf Systems, which the Chinese telecommunications equipment maker completed in May. The deal is udner scrutiny by the Committee on Foreign Investment in the US, which already rejected Huawei's proposal to buy 3Com in 2008. Huawei executives have said it didn't think the 3Leaf acquisition

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Categories: Fixed
Companies: 3Com / Huawei China
Countries: United States
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