By Bloomberg News - Dec 27, 2011 10:12 AM GMT+0700
China’s Ministry of Commerce is reviewing Western Digital Corp. (WDC)’s proposed acquisition of Hitachi Ltd. (6501)’s storage business, Shang Ming, head of the ministry’s anti-monopoly bureau, said at a briefing in Beijing.
Shang said there is concern that Western Digital’s acquisition may hurt competition. China’s commerce ministry will provide its feedback to the companies regarding its concern and will wait for their response, Shang said today.
The ministry’s concerns for this acquisition are similar to ones it had regarding Seagate Technology Plc (STX)’s purchase of Samsung Electronics Co.’s hard-disk storage unit, Shang said. China approved Seagate’s acquisition earlier this month.
The Chinese commerce ministry is also reviewing Google Inc. (GOOG)’s acquisition of Motorla Mobility Holdings, Shang told reporters after the briefing, without giving more details.
To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net
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