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) blocked the deal, worth $3.78 billion, according to a report by Sean Yang, an analyst with market research firm TrendForce.
Unisplendour is a subsidiary of Chinese conglomerate Tsinghua Unigroup.
A plan for the Tsinghua Unigroup and WD to form a joint venture to sell data center storage products and services will continue, according to WD.
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Source: COMPUTER WORLD