HP buys network firm 3Com for $2.7 billion
11/11, 5:25pm
Gives HP control of networking
HP in a late afternoon update said it had bought 3Com in a cash deal the equivalent of $2.7 billion. The deal is meant to help HP's involvement in the server and networking businesses and turns the PC builder into a near-total source for datacenters and other large-scale server environments. The two partners are still waiting on government approval but hope to complete the deal sometime in the first half of next year.
