That's it. Bain Capital Partners and China's Huawei Technologies have thrown in the towel and abandoned their bid to buy 3Com blaming security concerns of the U.S. government, which is shuddering at the thought of one of its networking equipment suppliers being owned by a China-based company that has strong ties with the country's government. Bain and Huawei first announced their intention to buy 3Com for $2.2B last September but the U.S. Committee on Foreign Investment in the United States (CFIUS) has made it difficult for the deal to go ahead. 3Com had even offered to sell off its network security software division Tipping Point to sweeten the deal for the U.S. government but that appeared not to have helped. What will 3Com do now?
More from Cisco Subnet: * Another NAC vendor bites the dust: Cisco to blame? * The Chambers and Gore green team * Frank Quattrone, the banker who brought Cisco public, is back * Privacy breach insurance mitigates the risk of credit card, identity breaches * Vyatta's Dear John (Chambers) letters are a hoot * No love for central office techs * Hackers hijacking routers and blackmailing firms to regain access * Which vendors' certifications are the most popular for exam cheaters? * How to establish an architecture revision process * Ciena: A little known manufacturer that's showing the way * Security wireless networks: Using the wireless network to monitor itself * Understanding MPLS label distribution Go to Cisco Subnet for more Cisco news, blogs, discussion forums, security alerts, book giveaways, and more. 20 useful sites for Cisco networking professionals Cisco Subnet's Top 20 Cisco Press books: How do you rate them? Network World's IT Buyer's Guide: Cisco products Subscribe to Network World's Cisco Alert, which includes a weekly digest of all Cisco Subnet items
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