The Chinese MOFCOM clears acquisition in the hard disk drive business (Western Digital / Hitachi)

Recently China’s Ministry of Commerce (MOFCOM) approved Western Digital’s proposed acquisition of Hitachi’s hard disk drive business on a conditional basis. Containing the most comprehensive clearance conditions ever imposed by MOFCOM, this decision mirrors previous guidance issued by the European Commission and illustrates that at least two authorities in two of the world’s major economies are working toward imposing similar clearance conditions in their respective jurisdictions. On 2 March 2012, China’s Ministry of Commerce (MOFCOM) published its conditional approval of the proposed acquisition of the hard disk drive (HDD) business of Hitachi by Western Digital (WD) through its wholly owned subsidiary of Viviti Technologies Ltd. The decision demonstrated how far Chinese anti-monopoly

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Authors

  • McDermott Will & Emery (Brussels)
  • McDermott Will & Emery (Shanghai)
  • McDermott Will & Emery (Shanghai)

Quotation

Frank Schoneveld, Henry L.T. Chen, James J. Jiang, The Chinese MOFCOM clears acquisition in the hard disk drive business (Western Digital / Hitachi), 2 March 2012, e-Competitions Bulletin March 2012, Art. N° 53081

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