Home / News / WD moves to finalise purchase of Hitachi HDD division
US vendor gets approval, aims to close the deal on March 8th

WD moves to finalise purchase of Hitachi HDD division

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.

Check Also

PCR’s guide to tech distribution in 2020

Whether you’re a retailer or reseller looking to work with the right distributor for your …