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European Commission gives Western Digital’s acquisition of SanDisk
Both consumers and retailers will have no negative impact of the acquisition of SanDisk by Western Digital. The European Commission concludes after investigation. The Commission therefore approved the acquisition, which nineteen billion dollars involved, good.
Although the two companies jointly have a relatively high market share, the acquisition will not cause any competition concern, writes the European Commission. According to the EC only overlap with the activities of the two companies together in the field of flash storage for the enterprise market. The Commission further notes that there are several strong players are active in the market segments where SanDisk and Western Digital and operate citing specific Intel, Toshiba, Micron and Samsung. These parties would continue to offer sufficient competition after the acquisition.
In October 2015, the companies put the takeover in motion. Western Digital acquires all outstanding shares of SanDisk. According to the companies closing WD, SanDisk’s product portfolios to each other. WD is next maker of hard disk drives especially active in the market for cloud storage. SanDisk is a major player in the market for products that use flash memory such as SD cards and expect SSD’s WD and SanDisk. The acquisition was completed in the third quarter of 2016.Viewing:-104
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