Huawei buys out Symantec in joint venture

Huawei Technologies will buy out the rest of a joint venture with Symantec for $530 million, the companies announced on Monday. The venture, based in Hong Kong, was formed in 2008 to integrate Symantec storage and security software into appliances built with Huawei's telecommunications equipment expertise. Symantec owns 49 percent of Huawei Symantec Technologies, while Huawei holds 51 percent.

Source: http://www.infoworld.com/d/security/huawei-buys-out-symantec-in-joint-venture-179010

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