Latest in Acquisition

Image credit:

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

49 Shares
Share
Tweet
Share
Save

Sponsored Links

Two of the hard drive industry's biggest players will soon be just one company. European Union regulators have given a conditional thumbs-up to Western Digital's plans to snatch up Hitachi's storage division for $4.3 billion. The companies are the second and third largest hard disk manufacturers in the world (respectively) behind Seagate, which purchased Samsung's HDD division back in April. Out of concern for the quickly consolidating market, regulators only approved the Western Digital deal after assurances that the company would sell off some its production assets, including a manufacturing plant, and transfer some intellectual property to the new unit being put on the auction block. As soon as WD finds a buyer it'll be free and clear to take over Hitachi's HDD division. So, anyone interested in a hard drive manufacturing plant?

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
49 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best mobile devices for students

The best mobile devices for students

View
OnePlus TV will run ‘optimized’ Android TV software

OnePlus TV will run ‘optimized’ Android TV software

View
China's latest retaliatory tariffs could pose trouble for Tesla

China's latest retaliatory tariffs could pose trouble for Tesla

View
'World's first' solar-powered rail line opens in the UK

'World's first' solar-powered rail line opens in the UK

View
'El Hijo' is a Spaghetti Western stealth game with heart

'El Hijo' is a Spaghetti Western stealth game with heart

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr