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State-backed Tsinghua Holdings' subsidiary Unisplendour Corp Ltd () will acquire 51 percent of HP's H3C Technologies for at least $2.3 billion,
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The U.S. company also said in a statement on Thursday it will form a partnership with Tsinghua Holdings,
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HP said in its statement it valued its H3C business at $4.5 billion. The company had previously valued the unit at $5.5 billion,
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Western tech companies have struggled for customers in China after former U,
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