Western Digital purchase of Hitachi’s hard disk drive business approved by EU regulators

Two of the harddrive industry’s biggest players will soon be only one company. European Union regulators have given a conditional thumbs-as much as Western Digital’s plans to grab up Hitachi’s storage division for $4.3 billion. The businesses are the second one and third largest harddrive manufacturers on this planet (respectively) behind Seagate, which purchased Samsung’s HDD division back in April. Out of outrage for the quickly consolidating market, regulators only approved the Western Digital deal after assurances that the corporate would unload some its production assets, including a producing plant, and transfer some intellectual property to the brand new unit being wear the auction block. Once WD finds a buyer it will be free and clear to take over Hitachi’s HDD division. So, anyone eager about a troublesome drive manufacturing plant?

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This post is tagged: disk manufacturers, european union regulators, intellectual property, manufacturing plant, market regulators, storage division, Western-Digital