Reports Strategic Buyers May Be Eyeing 3Com (COMS)/ Huawei Joint Venture

According to reports from LightReading.com, strategic buyers are looking at the 3Com (Nasdaq: COMS) and Huawei Technologies joint venture, H-3C.

According to the report, potential bidders may now include equipment vendors like Juniper Networks, Inc (Nasdaq: JNPR) and Nortel Networks (NYSE: NT). In the past, it was reported that private equity firms Texas Pacific Group, Bain Capital and Silver Lake Partners were interested in the assets.

The report said interest from the equipment vendors is a new development that could lead to a bidding war. The equipment companies interest in the assets stem from their desire to combat market leader Cisco (Nasdaq: CSCO). Bids for the joint venture could range from $1-$2 billion. Link