America is so caught up in its small-government hands-off attitude that it seems completely unable to adapt to non-battlefield threats.
Chinese spies have infiltrated the country... Chinese national industries have bought critial assets in the United States. Who in their right mind thinks that a foreign government should be able to buy up resources or assets in another country? Anyone? Anyone?
But there's always little Cuba to push around. No wonder America is a laughingstock....
Bain Capital, the private equity firm trying to engineer a takeover of 3Com with Huawei Technologies, is reportedly offering to divest security software firm TippingPoint to win U.S. approval.
According to Reuters, Bain offered up TippingPoint and other proposals to safeguard national security interests.
In September, 3Com agreed to a $2.2 billion buyout by Bain. In the deal, Huawei would own about 16 percent of 3Com. The move raised hackles from the US. Committee on Foreign Investment almost immediately since 3Com is a supplier to the Pentagon and TippingPoint also has critical intrusion detection technology.
If divested, TippingPoint would once again be on track to be independent. TippingPoint was slated for an IPO before the 3Com acquisition.
