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[Techspot] EU begins investigating Seagate's and Western Digital's HDD acquisitions

post #1 of 8
Thread Starter 
Quote:
EU regulators opened in-depth probes today into two takeover bids in the hard disk drive market involving two Asian and two US companies: Western Digital buying Hitachi Global Storage Technologies (GST) and Seagate buying Samsung Electronics' HDD unit. The EU is concerned the deals would reduce the number of rivals.
Source

More info on investigation:
http://europa.eu/rapid/pressReleases...guiLanguage=en
Edited by alwang17 - 5/31/11 at 2:22am
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post #2 of 8
Why do I find reading sooooo boooriiing?

Anyways, Samsung was a good HDD company. Hitachi was far from it. Why WD is buying Hitachi is beyond me.
post #3 of 8
Thread Starter 
A bit more info on what the EU will do:
http://europa.eu/rapid/pressReleases...guiLanguage=en
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post #4 of 8
Well lots of competition is good for us ;D
   
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post #5 of 8
Quote:
Originally Posted by Domino View Post
Why do I find reading sooooo boooriiing?

Anyways, Samsung was a good HDD company. Hitachi was far from it. Why WD is buying Hitachi is beyond me.
You're thinking of their consumer division, and to be totally honest, while their drives were uninspiring, they were solid. Their enterprise division (HDS) is a different animal altogether. Western Digital has virtually no presence in the enterprise market.

Quote:
Originally Posted by Rian View Post
Well lots of competition is good for us ;D
I agree. Those two deals left me very concerned indeed. The storage market is far more fundamental to the computing industry than, for example, the discrete graphics card market (another one with two main competitors).
Edited by parityboy - 5/31/11 at 5:03am
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post #6 of 8
There is nothing they can do since none of the companies are based in the EU wholly. The EU likes doing this crap just to seem powerful, what they don't realize is that either one could wholly cut off the market to the EU, and they wouldn't have any HDD's or SSD's or anything at all
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post #7 of 8
Quote:
Originally Posted by Sovietskikih View Post
There is nothing they can do since none of the companies are based in the EU wholly. The EU likes doing this crap just to seem powerful, what they don't realize is that either one could wholly cut off the market to the EU, and they wouldn't have any HDD's or SSD's or anything at all
lol
post #8 of 8
Boo hooo...

If they are concerned about a lack of competition, then the other companies should start making better products. Better products will yield more people buying them.
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