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Electronics Production | October 02, 2008

Huawei receives offer from Bain, Silver Lake for mobile handset unit

Private equity firms Bain Capital and Silver Lake have reportedly submitted formal offers for a share in Huawei' mobile handset unit.
The official deadline for formal bids for the deal were due last Friday, reports Reuters. It appears that Bain Capital and Silver Lake are the remaining bidders for a controlling stake in the unit, which is estimated to be worth more than $3.5 billion.

Several private equity firms were reportedly interested in the deal - including AEA Investors, General Atlantic, Providence Equity Partners and Goldman Sachs. It is also possible that both remaining parties could join forces in the bid, the report goes on.

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