Huawei to Buy Symantec Out of Joint Venture for $530M
Article Comments 1
Nov 15, 2011, 8:58 AM by Eric M. Zeman
Huawei has agreed to buy the 49% stake in its Huawei-Symantec joint venture from Symantec for approximately $530 million. The two companies formed the joint venture in February 2008 and it has lost money ever since. Huawei believes that by owning the entire venture, it will shore up its ability to support business customers. Huawei has been blocked from acquiring certain companies in the U.S. due to security concerns. Having full control over the Huawei-Symantec joint venture adds to its own security products. The business was set up and operated in Hong Kong, but is still subject to regulatory approval in the U.S. Huawei expects the deal to close in early 2012.
Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.
Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.
Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.
Mar 23, 2021
OnePlus today announced the OnePlus 9 and OnePlus 9 Pro, its newest flagship phones. The 9 Pro is a true flagship-class phone with a QHD AMOLED display with variable refresh from 1 to 120 Hz, and IP68 water rating, starting at $969.
A Chinese company--