Printed from http://www.electronista.com

Western Digital completes asset transfer to Toshiba

updated 10:21 am EDT, Tue May 15, 2012

FTC-imposed WD asset transfer complete, Viviti buy approved

The FTC-imposed transfer of assets by hard drive maker Western Digital (WD) to Toshiba is now completed, the company announced on Tuesday. The move was required by regulatory bodies due to monopoly concerns after WD revealed its intention to purchase Hitachi's Viviti hard drive maker. Previously, Viviti was known as Hitachi Global Storage Technologies.

With the new assets, Toshiba will be capable of building 3.5-inch hard drives for consumers and business-critical applications. If the FTC didn't step in, it believed the deal would be uncompetitive in the industry, resulting in just two global desktop hard drive makers.

WD will also take control of Toshiba Storage Device Thailand that suffered extensive damages during the floods. This includes property, facilities, and employees, which WD plans to integrate into its Thailand operations. Financial details of the deals weren't made public.



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News