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China’s Huawei to buy out Symantec venture

Chinese telecom giant Huawei Technologies will buy out a joint venture with US security software maker Symantec by acquiring its 49 percent stake for $530 million, the firms said Tuesday. The venture, Hong Kong-based Huawei Symantec, was set up in 2008 to provide security, storage and systems management solutions. The companies decided that having a…

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