The Chinese MOFCOM conditionally approves a merger between two leading hard drive disks manufacturers (Seagate / Samsung)

China's Ministry of Commerce (MOFCOM) has approved Seagate'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. This is illustrated by Seagate/Samsung and Western Digital's acquisition of Hitachi's hard drive division, two transactions proposed about the same time. The U.S. Federal Trade Commission

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Peter J. Wang, Sébastien J. Evrard, Yizhe Zhang, The Chinese MOFCOM conditionally approves a merger between two leading hard drive disks manufacturers (Seagate / Samsung), 12 décembre 2011, e-Competitions December 2011, Art. N° 50123

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