Forum Views ()
Forum Replies ()
Read more with google mobile :
EU probes two U.S.-Asian computer hardware deals
|
Edition:
U.S.
Article
Comments (0)
Editor's Choice
Lockheed's cyber cops sift through hacker evidence
Atlantic bluefin tuna on U.S. environmental watchlist
German government wants nuclear exit by 2022 at latest
Stay away from energy drinks, doctors say
Shuttle leaves space station to begin trip home
Ice melt to close off Arctic's interior riches: study
MSG linked to weight gain
Robots have learned to talk the talk
Burping cows more climate friendly than thought
Video: Waterspout hits Australian waters
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama picks warrior-scholar Dempsey for top military job
2:36pm EDT
EU racing to draft second Greek bailout
|
1:15pm EDT
Spain mulls action over blame for E.coli outbreak
1:38pm EDT
Mladic lived openly in capital until 2002, friend says
3:39pm EDT
Strauss-Kahn assembles crisis team to fight back
29 May 2011
Discussed
83
Netanyahu speech eyed for sign of U.S.-Israel rift
75
$1 trillion on the table in U.S. debt talks
54
Judge voids controversial Wisconsin union law
Watched
GM pulls the plug
Fri, May 27 2011
Sarah Palin's Rolling Thunder
Sun, May 29 2011
Scientists revive ancient spider in stunning 3D detail
Tue, May 24 2011
EU probes two U.S.-Asian computer hardware deals
Tweet
Share this
BRUSSELS (Reuters) - EU regulators opened in-depth probes on Monday into two takeover bids in the computer hardware sector involving two Asian companies and two U.S. peers, saying it was concerned the deals would reduce the number of rivals.
U.S.-ba...
Email
Print
Related News
SK Telecom eyes $1.8 billion in LTE investments
Wed, May 18 2011
HIGHLIGHTS-German finmin Schaeuble on EU debt crisis
Wed, May 18 2011
UPDATE 3-UK to probe Big Four auditing stranglehold
Tue, May 17 2011
UPDATE 2-Thomson Reuters urged to match S&P antitrust offer
Mon, May 16 2011
Nvidia beats Street but stock sags on PC worries
Thu, May 12 2011
Analysis & Opinion
The decline of US stocks
Why clearXchange is great for payments
Related Topics
Technology »
Deals »
Global Deals Data 2011 Q1 »
Inflows Outflows »
A Samsung Electronics hard-disk-drive (HDD) is seen at an electric appliance store in Seoul, in this picture illustration taken April 18, 2011.
Credit: Reuters/Truth Leem
BRUSSELS |
Mon May 30, 2011 3:08pm EDT
BRUSSELS (Reuters) - EU regulators opened in-depth probes on Monday into two takeover bids in the computer hardware sector involving two Asian companies and two U.S. peers, saying it was concerned the deals would reduce the number of rivals.
U.S.-based Seagate Technology has said it wants to buy Samsung Electronics Co's loss-making hard disk drive unit for $1.4 billion -- a deal that will give Seagate access to Samsung's NAND-type flash chips for its solid-state drive products.
Western Digital plans to purchase Hitachi Ltd's hard disk drive business for $4.3 billion to give it an edge in developing next-generation storage technology.
The European Commission, the EU competition watchdog, which is now reviewing the two deals, said it wanted to take a closer look.
"Hard drives are the backbone of the digital economy. The sector has already experienced significant consolidation, and the proposed acquisitions will further reduce competition," Competition Commissioner Joaquin Almunia said in a statement.
The EU executive said the Seagate and Samsung deal would consolidate the U.S. company's position in the hard disk drive market, leaving only two rivals, Western Digital and Hitachi.
The Western Digital and Hitachi transaction would result in only one company competing in desktop hard disk drives and just two rivals in mobile hard disk drives, the Commission said.
The respective deals would increase Seagate's market share to 40 percent, while Western Digital and Hitachi combined will have around half the market, according to analysts.
Western Digital said it was proceeding, on plan, with its integration-planning activities related to the proposed deal, and now expects the transaction to close in the fourth quarter of 2011.
The Commission will decide by October 10 whether to clear or block the two deals. The previous deadline for a decision on the Seagate and Samsung deal was Monday, while that for Western Digital and Hitachi was Tuesday.
Western Digital and Seagate have been struggling to adapt to a future where fewer consumers tote laptops. Flash drives, or solid-state drives, consume less power and are faster and are viewed by many as the future of the disk drive industry.
(Reporting by Foo Yun Chee in Brussels and Brenton Cordeiro in Bangalore; Editing by Will Waterman, Sriraj Kalluvila)
Technology
Deals
Global Deals Data 2011 Q1
Inflows Outflows
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Tuesday, 31 May 2011 Russian ex-tycoon Khodorkovsky files for parole
|
Sri Lanka war atrocities video credible: U.N. envoy
|
North, south Sudan discuss Abyei as tension simmers
|
Gaza activists warn Israel not to block new convoy
|
EU probes two U.S.-Asian computer hardware deals
|
Hip-hop star Sean Kingston stable after water crash
|
'Hangover,' 'Pirates' sequels lead box office
|
Group hacks PBS website in WikiLeaks protest
|
Yemen truce ends, stoking worries of civil war
|
Loud bang heard near Fukushima reactor, no radiation leak: Tepco
|
Afghan leader tells NATO attacks on homes not allowed
|
Pakistani jets attack Taliban hideouts, kill 11
|
Japan PM wants to stay on and resolve nuclear crisis
|
Mladic could be sent to war crimes court in 24 hours
|
Tiananmen mothers say government hints at payment, no apology
|
Sony: PlayStation recovery delayed in parts of Asia
|
Google: Chrome for notebooks only for now
|
Intel unveils laptops that include tablet features
|
HP expands recall of laptop batteries
|
Analysis: Lockheed hack highlights cyber-blame snags
|
Samsung asks court for next-gen iPhone and iPad
|
Illinois House approves bill allowing casino in Chicago
|
Cannes Film Festival offers some Oscar clues
|
Egypt's Mubarak unfit for prison move: prosecutor
|
Libya's Gaddafi: I will not leave my country
|
North, South Sudan agree demilitarized zone: AU
|
Italy PM Berlusconi's lawyers want sex trial moved
|
India, Pakistan fail to make progress on glacier
|
Bahrain's king offers July reform talks
|
Suspect held in Russian journalist's 2006 killing
|
Nokia drops targets, shares slump to 13-year low
|
Steve Jobs to kick off Apple conference
|
Broadcom sees NFC technology as future main revenue driver
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights