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

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News