Printed from http://www.electronista.com

Regulators allow WD to proceed with Hitachi buyout

updated 09:25 pm EST, Tue March 6, 2012

Deal expected to close this week

Despite reports of proposed buyout of Hitachi. The companies appear to have resolved the lingering issues, enabling the deal to move forward.

The FTC had ordered Western Digital to transfer some of its desktop hard-drive business to competitor Toshiba, including manufacturing assets and intellectual property rights. The Commission required the divestment to avoid giving WD and Seagate increased dominance in the desktop HDD market.

Western Digital and Hitachi expect to formally close the deal on March 8. The buyout is said to be worth billions, however the companies have yet to fully detail specific terms.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

Sponsor

toggle

Most Commented

 
toggle

Popular News