EU Clears $1.4B Samsung-Seagate Hard Drive Deal

Law360, New York (October 20, 2011, 5:54 PM ET) -- The European Commission signed off Wednesday on Seagate Technology PLC's $1.4 billion deal for Samsung Electronics Co. Ltd.'s hard disk drive unit while continuing to weigh antitrust fixes Western Digital Technologies Inc. offered on its similar bid to snap up a rival storage technology business.

In its decision to clear the transaction, the watchdog concluded that even with the Samsung-Seagate combination, three strong suppliers for 3 1/2-inch hard drives for desktop computers and four for 2 1/2-inch mobile drives would still remain in the market. That...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required