China's Huawei to reverse controversial deal

Chinese network equipment supplier Huawei has reversed its stance and has accepted a U.S. panel's recommendation to voluntarily divest from a business acquisition that had drawn national security concerns.

Huawei has drawn accusations from U.S. officials that the company is linked to the Chinese military. The alleged ties has made it difficult for the company to complete certain U.S. business deals in the past. Huawei, but, denies any such ties to the Chinese military, stressing that the company is completely employee-owned.