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Facing Govt Opposition, Huawei Drops Bid for 3Leaf Systems

Huawei reportedly has abandoned its bid to acquire 3Leaf Systems, a former U.S.-based supplier of enterprise data center technology. Last week, the Department of Commerce’s Committee on Foreign Investment in the United States ruled against the acquisition on national security grounds. Huawei had originally bid to acquire the intellectual property of the bankrupt 3Leaf Systems last May, but objections were later raised and the company was blocked from transferring the intellectual property. http://www.huawei.com

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