12/28/2022 0 Comments Best 3.5 hard drive for imacThis would firmly establish Seagate, Western Digital, and Toshiba as the 3 major players in the hard drive business across all product segments.Īt this point it’s not clear when the deal would close, but with all the necessary parties agreeing to it, it should close sometime this month. Instead Western Digital will be selling that business to Toshiba – factories and all – along with granting licenses for the necessary patents, which would allow Toshiba to effectively continue in the 3.5” market from where Hitachi left off. Western Digital will be allowed to acquire Hitachi’s 2.5” and SSD businesses, but not the 3.5” business. Neither regulatory body was willing to approve the deal if it meant that WD and Seagate would be the only 3.5” hard drive manufacturers, so as announced late last month and being approved by both the EU and FTC this week, WD, Hitachi, and Toshiba will be entering into a 3-way deal. Ultimately the Japanese FTC signed off on the buyout on the condition that Western Digital sell off 10% of its 3.5” disk unit, however that concession was not enough for EU regulators and the FTC. If Western Digital’s acquisition of Hitachi went through, it would reduce the 3.5” desktop market to a duopoly of Western Digital and Seagate. Of particular interest was the potential impact on the 3.5” desktop hard drive market, as Hitachi was the smallest player in what was already a 3 competitor market (#4, Toshiba, is 2.5" only). This in turn attracted the attention of regulatory agencies across the globe. Since then, the two companies have been working on closing the deal, one that would effectively consolidate the hard drive industry to just 3 companies. Almost exactly a year ago, Western Digital announced that they would be buying Hitachi’s hard drive division from Hitachi for $4.3 billion.
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