The Chinese authorities have approved the deal Western Digital Corporation for buying SanDisk
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POSTER: computer news || THE CHINESE AUTHORITIES HAVE APPROVED THE DEAL WESTERN DIGITAL CORPORATION FOR BUYING SANDISK |
DATE:2016-05-11 |
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The deal between Western Digital Corporation and SanDisk was approved by the shareholders , although at a condition for reducing the cost of the acquired assets, but its closing was necessary to obtain the approval of antitrust authorities in countries that are key markets for both companies. This week, Western Digital Corporation company has received the last of the necessary approvals by government agencies - in China. The transaction is expected to close before the end of the quarter - namely, May 12, 2016. Recall that another transaction WDC, which was supposed to "energize" to buy SanDisk , did not take place just because of the cautious attitude of the US authorities to "Chinese partners." Local Investment Fund has not received permission to buy 15% stake in the manufacturer of hard drives. But the deal between the WDC and SanDisk is not in danger. It has already passed the approval of the United States, Europe, Singapore, Japan, Taiwan, South Korea, South Africa and Turkey. | ||
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THE CHINESE AUTHORITIES HAVE APPROVED THE DEAL WESTERN DIGITAL CORPORATION FOR BUYING SANDISK |
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