Acquisition By Huawei
On November 14th, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei acquired Symantec’s 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for USD 530 million. Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.
Read more about this topic: Huawei Symantec
Famous quotes containing the word acquisition:
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)