China's Huawei withdraws from U.S. company purchase (2)

Previously, Huawei said it would not withdraw from the purchase and welcomed the U.S.security panel inquiry.
"It's a hard decision, but we have decided to accept the CFIUS recommendation to withdraw our application to acquire specific assets of 3Leaf Systems," Huawei said in a statement.
"There will definitely be a series of steps taken to (cancel the deal), but it is still not clear how this will be done," the executive told Xinhua.
It is Huawei's latest setback to acquire assets in the United States.
In 2008, its buyout attempt of 3Com with Bain Capital was rejected by the U.S. government for "security reasons." In 2010, Huawei was once again blocked from purchasing the mobile wireless network division of Motorola, as well as 2Wire, an American supplier of broadband Internet software.