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Adam_a

MOFCOM Okays The Integration of WD & HGST

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As part of the acquisition of HGST in 2012, there was a “hold separate” restriction within the deal. WD has been in ongoing dialogue regarding with restriction. WD will continue to offer both product brands and maintain separate sales teams for two years following the agreement. WD expects to see significant opportunities for growth, synergies and cost savings as they integrate the key functions of both companies such as research and development, heads and media operations, engineering and manufacturing.

MOFCOM Okays The Integration of WD & HGST

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I thought the Hold Separate thing was a condition imposed by Europe, along with the required assets sale to Toshiba. Part of maintaining three major HD manufacturers, and a quasi-fourth.

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