According to Reuters, the European Union regulators conducted an in-depth investigation into two mergers and acquisitions in the computer hard disk industry yesterday. The two acquisitions involved four companies, namely Asia’s Samsung, Hitachi, and Seagate and Western Digital. The EU said that the two mergers and acquisitions will reduce the number of companies competing in the industry.
US computer hard disk maker Seagate Technology had previously stated that the company intends to spend US$1.4 billion to acquire Samsung’s loss-making hard drive business.
In addition, the storage product giant U.S. Western Digital Corporation also plans to acquire Hitachi’s hard disk drive business for US$4.3 billion to gain an advantage in the next generation of storage technology competition.
The European Commission, the European Union’s competition regulator, is currently evaluating these two mergers and acquisitions, and said the committee intends to conduct an in-depth investigation into this.
In a statement, the European Union Competition Commissioner Joaquin Almunia stated: "The hard drive industry is the cornerstone of the digital economy. The industry has undergone a major merger, and the proposed acquisitions will further reduce competition. ."
Almunia believes that Seagate’s acquisition of Samsung’s hard disk drive business will increase the company’s competitive position in the hard drive industry and will reduce the company’s competitors to two, namely, Western Digital Corporation and Hitachi, Japan.
The European Commission also stated that Western Digital’s acquisition of Hitachi’s hard disk drive business will result in only one company on the market competing with Western Digital in the field of desktop computer hard drives, and there will be only two competitors in the field of mobile hard disk drives. opponent.
Reported that the European Commission will be announced before October 10 this year to release or block the decision of the two mergers and acquisitions.
US computer hard disk maker Seagate Technology had previously stated that the company intends to spend US$1.4 billion to acquire Samsung’s loss-making hard drive business.
In addition, the storage product giant U.S. Western Digital Corporation also plans to acquire Hitachi’s hard disk drive business for US$4.3 billion to gain an advantage in the next generation of storage technology competition.
The European Commission, the European Union’s competition regulator, is currently evaluating these two mergers and acquisitions, and said the committee intends to conduct an in-depth investigation into this.
In a statement, the European Union Competition Commissioner Joaquin Almunia stated: "The hard drive industry is the cornerstone of the digital economy. The industry has undergone a major merger, and the proposed acquisitions will further reduce competition. ."
Almunia believes that Seagate’s acquisition of Samsung’s hard disk drive business will increase the company’s competitive position in the hard drive industry and will reduce the company’s competitors to two, namely, Western Digital Corporation and Hitachi, Japan.
The European Commission also stated that Western Digital’s acquisition of Hitachi’s hard disk drive business will result in only one company on the market competing with Western Digital in the field of desktop computer hard drives, and there will be only two competitors in the field of mobile hard disk drives. opponent.
Reported that the European Commission will be announced before October 10 this year to release or block the decision of the two mergers and acquisitions.
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