China's Unisplendour drops bid to buy WD stake
Hong Kong-based hardware and software maker Unisplendour announced it will terminate a plan to buy a 15% stake in U.S. data storage company Western Digital (WD).
The Committee on Foreign Investment in the U.S. (CFIUS) discouraged the deal, worth $3.78 billion, according to a report by Sean Yang, an analyst with market research firm TrendForce.
WD said Unisplendour voluntarily terminated the deal after it was notified by CIFIUS of its intentions to investigate.
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