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Tuesday, November 15, 2011
Huawei to acquire Symantec?s 49% stake in Huawei Symantec for $530 million
Huawei announced on Monday its intentions to purchase Symantec’s 49% stake in Huawei Symantec, a joint venture between the two companies that was originally formed in 2008, giving Huawei full control of the company. “The integration of Huawei Symantec?s innovative security and storage technology with Huawei?s enterprise products will reinforce Huawei?s leading position in cloud computing,? said Guo Ping, deputy chairman of Huawei.”�The $530 million purchase is still pending regulatory approval, but Huawei expects the deal to close during the first quarter of 2012. Read on for the full press release. Huawei Acquires Symantec Stake in Huawei Symantec Joint Venture MOUNTAIN VIEW, Calif. and SHENZHEN, China ? Nov 14, 2011�? Huawei Technologies Co., Ltd. (Huawei) and Symantec Corp. (Nasdaq: SYMC)
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