China's Growing Influence Over Global Transactions

Law360, New York (January 26, 2012, 2:15 PM EST) -- China's Ministry of Commerce (MOFCOM) has approved Seagate Technology PLC's acquisition of the hard drive disk division of Samsung Electronics (Samsung HDD) under China's Anti-Monopoly Law (AML), but imposed conditions to ensure that Samsung, although controlled by Seagate, remains an independent competitor.

This decision demonstrates once again how China's merger control regime now significantly influences the outcome of global transactions. More importantly, China now should be added to the list of major antitrust merger review jurisdictions that may approach the same global transaction very differently....
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