Hewlett-Packard (HPQ.NYSE) is closing in on a deal to sell control of its China-based data-networking outfit, H3C Technologies, to Tsinghua Unigroup, though another bidder may yet emerge for the 51% share in the business now on offer, The Wall Street Journal reported, citing unnamed sources. Revelations about the US government in some cases using tech company infrastructure for surveillance have put pressure on H-P in China to seek a buyer for the business, a major supplier of corporate-data networking gear worth roughly US$5 billion in total.
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