Lessons From China's Hard Drive Merger Decisions

Law360, New York (March 27, 2012, 1:41 PM EDT) -- On March 2, 2012, China's Ministry of Commerce (MOFCOM) conditioned its approval of Western Digital Corp.'s acquisition of Hitachi Global Storage Technologies Ltd.'s hard disk drive division (renamed "Viviti Technologies") under the PRC Anti-Monopoly Law ("AML"). This decision comes three months after MOFCOM imposed similar conditions on Seagate Technology PLC's acquisition of Samsung Electronics Co. Ltd.'s hard drive business.[1]

MOFCOM's decisions in these hard disk drive transactions demonstrate again that MOFCOM will chart its own course, regardless of decisions taken on the same deals by other...
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