EU Clears $1.4B Samsung-Seagate Hard Drive Deal

Law360, New York (October 20, 2011, 5:54 PM EDT) -- 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...
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