Analysts See Synergies for Western Digital (WDC) as MOFCOM Approves HGST Integration

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Go back to Analysts See Synergies for Western Digital (WDC) as MOFCOM Approves HGST Integration

Western Digital Corporation Announces Decision From China's Ministry of Commerce Enabling Integration Of Substantial Portions Of HGST And WD Subsidiaries

October 19, 2015 4:15 AM EDT

IRVINE, Calif., Oct. 19, 2015 /PRNewswire/ -- Western Digital® Corporation (NASDAQ: WDC) today announced a decision from China's Ministry of Commerce ("MOFCOM"), which enables the company to integrate substantial portions of its HGST and WD subsidiaries under Western Digital Corporation ("Western Digital"). As a unified entity, Western Digital's extensive technology capability, deepened patent and product portfolios, and talented global team will further drive its ability to innovate and lead in the changing data storage industry.

The agency's decision is the result of an ongoing dialogue regarding the "hold separate" restriction associated... More