A PYMNTS Company

Ministry of Commerce places conditions on Western Digital’s acquisition of Hitachi GST

By  |  March 6, 2012
Ministry of Commerce places conditions on Western Digital’s acquisition of Hitachi GST

China’s Ministry of Commerce has conditionally approved Western Digital’s proposed acquisition of Hitachi Global Storage Technologies. The conditions require Hitachi GST to operate independently for at least two years after the deal, including aspects of production, R&D, and sales. In addition, Hitachi GST is to continue using its existing production lines and product and sales teams, and not exchange sensitive information with Western Digital on prices, supplies or customers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Ministry of Commerce cited concerns with market concentration, as did the FTC in its proposed settlement for Western Digital.

    Full content: Computerworld

     

    Related content: MOFCOM’s Approach to Merger Remedies: Distinctions from Other Competition Authorities (Michael Han & Zhaofeng Zhou, Freshfields)