Huawei Drops Takeover Bid for 3Leaf Systems
February 21, 2011 at 01:57 AM EST
Chinese telecom giant Huawei Technologies Co. has decided to back away from its acquisition of U.S. computer firm 3Leaf Systems, bowing to pressure from a U.S. government panel that had voiced security concerns about the deal. Huawei, which was founded 23 years ago by a former People’s Liberation Army engineer, bought 3Leaf’s assets in May [...]
