3Com sold to Bain with Huawei as minority owner and strategic partner.

http://www.eetasia.com/ART_8800482022_590626_NT_3c44f774.HTM

What a roller coaster relationship between Huawei and 3Com

1. Huawei and 3Com setup joint venture Huawei-3COM (H3C) in 2003, with Huawei leads the JV at 51% stake, they aim to challenge Cisco stake in enterprise networking segment.
2. 3Com bought 2% stake from Huawei in 2005 to take the controlling stake of H3C.
   
3. 3Com approached Huawei and buyout the remaining 49% of H3C stake own by Huawei in 2006 (H3C valuation was $1.8B).
4. Huawei (20%) and Bain (80%) joint bid for 3Com group (not just H3C) has been accept in the $2.2B acquisition offer in Sep 2007.

Huawei views the acquisition as a commercial investment with strategic partnership to seize the global growth in enterprise networking segment, as their main focus is still in the more lucrative big scale telecommunications project – 3G Mobile network, Optical transmission and Next generation fixed and wireless Broadband Access.