PCR Tech and IT retail, distribution and vendor news
Western Digital has announced that it is close to finalising the purchase of Viviti Technologies, the holding company of Hitachi Global Storage Technologies.
The US vendor has now obtained all the required regulatory approval for the acquisition, which is reportedly worth around $4.5 billion.
According to The Register, the regulators approval required meeting conditions set down by the EU and US trade commissions that some of the 3.5-inch HDD manufacturing capacity be sold to Toshiba, avoiding the creation of a WD/Seagate 3.5-inch HDD duopoly.
Meanwhile, a request by the Chinese Government specified that WD and its newly acquired division operate independently for two years, overseen by a Government appointed trustee.
The deal is expected to close tomorrow.
