It was the deal that almost slipped under the radar screen -- in May, Chinese telecom equipment maker Huawei purchased U.S. startup 3Leaf Systems for $2 million, a tiny deal in the world of M&A. 3Leaf creates technology that allows groups of computers to work together like a more powerful machine. When the Pentagon found out about the deal, however, it asked the company to file for a review with the Committee on Foreign Investment in the United States (CFIUS), an interagency committee that reviews FDI into the U.S. that may pose a national security risk. Now, CFIUS has recommended Huawei unwind the deal and divest 3Leaf, something Huawei doesn't want to do. The company has appealed to President Obama for a final decision.
BBC News - Huawei waits for White House review before selling unit
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