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WD's Purchase of Hitachi HDD Business Approved by EU Regulators WD's Purchase of Hitachi HDD Business Approved by EU Regulators
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WD's Purchase of Hitachi HDD Business Approved by EU Regulators
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Old 7th March 2012, 07:32   #1
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Default WD's Purchase of Hitachi HDD Business Approved by EU Regulators

Western Digital (WD), secured an approval (conditional), from the European Union regulator in-charge of competition that enables it to go ahead and purchase Hitachi's hard disk drive business. WD is purchasing Hitachi's HDD assets for US $4.3 billion. "The proposed divestiture will ensure that competition in the industry is fully restored before the merger is implemented," EU Commissioner Joaquin Almunia said in a statement. What makes the EU approval conditional is the fact that WD had to first agree to sell several of its production operations, which it did, to Toshiba, early this month.

http://www.techpowerup.com/161865/WD...egulators.html
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