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Antitrust Alert A Global Resource for Compliance Officers & Legal Advisors

China Conditionally Clears Western Digital’s Acquisition of Hitachi’s Hard Disk Drive Business

Posted in Chinese Developments, EC Developments, Mergers & Acquisitions

by Henry L.T. Chen, Frank Schoneveld and James Jiang

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.

Read more here.