Announced
Financials
Sources
Tags
Disposal
Majority
Pending
Private
Software
techology services
provider of converged infrastructure solutions
China
Cross Border
Friendly
Acquisition
Single Bidder
Synopsis
Tsinghua, a Chinese information technology and communications company under the Tsinghua University, agreed to acquire the remaining 49% stake in New H3C Technologies, China-based joint venture, from Hewlett Packard, a multinational information technology company, for $3.5bn. Hewlett Packard is one step closer to pulling out from its China-based information technology equipment joint venture New H3C Technologies, after Chinese partner Tsinghua Unisplendour announced a plan to acquire its remaining 49% stake in the unit.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.