Western Digital hard-disk drive takeover approved, with conditions

Western Digital will be allowed to take over Hitachi's hard-disk drive business, but only if it sells off a 3.5-inch hard-disk drive production plant. The ruling was made by the European Commission on Wednesday. Following an investigation, the Commission decided that the merged entity would only face competition from the recently merged Seagate-Samsung. It was feared this lack of competition would force up prices to consumers, hence the ruling that some of Western Digital's production assets be sold off.

Source: http://www.infoworld.com/d/the-industry-standard/western-digital-hard-disk-drive-takeover-approved-conditions-179943

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