Huawei embroiled in takeover rumours

The News (reporter Gu Xiaoyu) The acquisition of Motorola business unit rumors have not subsided, China's largest communications equipment company Huawei has been involved in another takeover case.　　Yesterday, it was reported that Huawei has become a potential buyer for US smartphone maker Palm. According to sources, the company made a decision to sell this February and contacted Huawei through an investment bank, but the talks did not make substantial progress.　　The response from Huawei, which has always been low-key, has been muted, saying it does not comment on rumours of mergers and openness about the opportunities that can spur business growth. Palm is the famous smartphone manufacturer in the United States, the popular PDA (personal handheld) is the company's invention, because in the market competition against Apple's iphone and Rim's BlackBerry, palm finally fell to be sold in the situation. According to the stock price estimate, palm company Price is not less than 1 billion dollars.　　Because of its brand and market visibility, palm is also a coveted acquisition target for large companies that want to dabble in or expand the handset market, and analysts, including China's Huawei and ZTE, are potential acquirers. Last year, Huawei's net profit reached 18.274 billion yuan, and cash flow is abundant, so important companies in the industry involved in the sale, it is always easy to contact with the Huawei Company. There have been reports of Huawei's willingness to acquire a business unit in Motorola, but met resistance from the US government, which has specifically hired agencies to help negotiate with the U.S. government.