Chinese technology firm Unisplendour Corp (UNIS) is in negotiations to buy a 15% stake in the US data-storage company Western (WD) for $3.8bn, it announced this week. UNIS is owned by the leading Chinese academic institution Tsinghua University through Tsinghua Holdings which sold a 20% stake of UNIS to Intel last year. UNIS is already in negotiations with Hewlett Packard over the acquisition of a 51% stake in its China-based H3C operation for a reported US$2.5bn.
Source: xinhuanet