Huawei Technologies will buy out the rest of a joint venture with Symantec for US$530 million. The sale is expected to close in the first quarter of 2012. The joint venture was formed in 2008 to integrate storage and security software into appliances built with Huawei’s telecommunications equipment expertise. Huawei said it would continue to invest in the venture, the companies announced in a press release. The companies held extensive discussions and decided it would be best to consolidate the venture under one owner, CEO Enrique Salem said.”]
Source: https://www.csoonline.com/article/2130171/huawei-buys-out-symantec-in-joint-venture.html