Huawei bids high, loses hard on two major US assets
Huawei has been kicking for well over two decades, and while a great deal of its business revolves around the enterprise, the company still has a presence in the consumer arena (most recently with its S7 tablet). But for whatever reason, it's having one bear of a time breaking into the US acquisition game. According to a pair of people sourced by Bloomberg, Huawei wasn't selected as the winning bidder of two large US assets in recent months despite having offers of "at least $100 million more in each case." Ouch. As the story goes, the sellers (2Wire and Motorola) "doubted Huawei's ability to win US government approval," possibly because of the founder's prior role as an official of the People Liberation's Army. It's also not the first time that Hauwei has been deterred in the US; the outfit dropped a bid in 2008 for 3Com after America began "investigating whether a deal would give China access to anti-hacking technology used by the Defense Department." 'Course, given the existing legal trouble between Huawei and Motorola right now, we're not sure a +$200 million bid would've sealed the deal on its recently hawked wireless equipment unit. Hit the source link if you're down for a serious read. Mystery, drama, deceit -- it's all there.