The European Union on Thursday cleared computer disk drive maker Western Digital Corp’s $19 billion acquisition of rival SanDisk, after finding that the takeover wouldn’t negatively impact competition in Europe.
“We have worked efficiently, in cooperation with our US counterparts, to scrutinize this takeover in the strategically important IT sector and concluded that there would be no adverse effects on either retail or commercial customers,” said EU antitrust chief Margrethe Vestager.
The European Commission, the bloc’s top antitrust regulator, said the overlap of the companies’ activities was limited to the market for flash memory storage but that the merged entity wouldn’t be able to shut out competitors from access to flash memory and that other rival flash memory producers will still have a substantial customer base.
Western Digital already sells some storage devices that use flash memory chips in addition to disk drives. By adding SanDisk’s chip production capability—part of a joint venture with Japan’sToshiba Corp.—Western Digital would gain an internal supply of the chips at attractive prices.
Full content: Nasdaq
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI