China’s UNIS pushes into US with $3.8bn stake in WD

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