Western Digital completes asset transfer to Toshiba
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The FTC-imposed transfer of assets by hard drive maker Western Digital (WD) to Toshiba is now completed, the company announced on Tuesday. The move was required by regulatory bodies due to monopoly concerns after WD revealed its intention to purchase Hitachi's Viviti hard drive maker. Previously, Viviti was known as Hitachi Global Storage Technologies.
With the new assets, Toshiba will be capable of building 3.5-inch hard drives for consumers and business-critical applications. If the FTC didn't step in, it believed the deal would be uncompetitive in the industry, resulting in just two global desktop hard drive makers. »read more
More at: Electronista Add additional source
Filed in: Toshiba