Shearman & Sterling is representing Huawei Technologies Co., Ltd. in the acquisition of Symantec Corporation’s 49% stake in Huawei Symantec Technologies Co., Ltd. (JVCO) for US$530 million.

JVCO was established in 2008, with Symantec owning 49% and Huawei owning 51%. Upon closing, Huawei will have full ownership of JVCO. The transaction is expected to close in the first quarter of 2012.

Huawei is a leading global information and communications technology (ICT) solutions provider. Huawei’s products and solutions have been deployed in over 140 countries, serving more than one third of the world’s population. Symantec is a Delaware corporation with more than 18,500 employees in over 50 countries. It is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world.

The Shearman & Sterling team included partner Ling Huang (Beijing-Mergers & Acquisitions) and associates Fang Xue (Beijing-Mergers & Acquisitions), Joseph Tong (Hong Kong-Mergers & Acquisitions) and Yuanyuan Cheng (Beijing-Asia Corporate). Others involved in the transaction are partners Tina Patel (Palo Alto-Intellectual Property Transactions), Hans Jürgen Meyer-Lindemann (Brussels/Dusseldorf-Antitrust), and Larry Crouch (Palo Alto-Tax); counsel Robert LaRussa (Washington, DC-Litigation); and associates Andreas Kafetzopoulos (Brussels-Antitrust), Eileen O’Pray (Palo Alto-Tax), and Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits); and head of government relations Lisa Raisner (Washington, DC).