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  • EU regulators are investigating two proposed mega-mergers in the hard disk drive [HDD] sector, concerned about the impact on competition. The deals involved are Seagate's (STX) $1.4B bid to buy Samsung's (SSNLF.PK) HDD unit, and Western Digital's (WDC) $4.3B bid to buy Hitachi's (HIT) HDD unit.  [View news story]
    The deals should go through as the entire market is shrinking especially in the consumer market and projections so far seem bleak. Prices I say, are expected to fall regardless as cloud is adopted more and more.

    Like many M&As, this is simply a life line the companies are desperately reaching out for while they hopefully regroup. The brightlight lies in the growing social media space and cloud sectors where they can migrate towards providing storage for those companies. Yet in that arena, titans roam.
    Jul 15, 2011. 12:55 PM | Likes Like |Link to Comment
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