Arab Today, arab today china\s huawei to buy out symantec venture
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

China\'s Huawei to buy out Symantec venture

Arab Today, arab today

Arab Today, arab today China\'s Huawei to buy out Symantec venture

Tokyo - AFP

Chinese telecom giant Huawei Technologies will buy out a joint venture with US security software maker Symantec by acquiring its 49 percent stake for $530 million, the firms said Tuesday. The venture, Hong Kong-based Huawei Symantec, was set up in 2008 to provide security, storage and systems management solutions. The companies decided that having a single owner will help the Hong Kong firm to grow, Huawei and Symantec said in a statement. Enrique Salem, Symantec president and chief executive, was quoted as saying that China was one of Symantec's fastest-growing markets and that it had exited the joint venture with a "good return". Huawei, founded over two decades ago by former People's Liberation Army engineer Ren Zhengfei, is at the forefront of efforts by Chinese firms to shift from being the world's workshop to becoming creators of genuine global brands. But the telecommunications equipment vendor has faced scrutiny in making acquisitions or taking part in projects in the United States, although it has long rejected claims that it still has ties to the Chinese military. Earlier this year, Huawei was forced to abandon its acquisition of US computer firm 3Leaf Systems after the US government voiced security concerns about the deal.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s huawei to buy out symantec venture Arab Today, arab today china\s huawei to buy out symantec venture

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s huawei to buy out symantec venture Arab Today, arab today china\s huawei to buy out symantec venture

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday