LSI Logic has picked up Hyundai's SCSI component business, Symbios, for $760 million, days after the US Federal Trade Commission (FTC) refused to let Adaptec buy the business.
The FTC was going to take out an injunction against Adaptec because the acquisition of Symbios would have given it a monopolistic position in the SCSI market.
But now Hyundai can breathe a sigh of relief. It has been attempting to parcel off its PC technology business for the last few months. Aside from giving it US dollars to help pay its debts, it has realised that it should concentrate on its core business.
LSI will assume Symbios? debts, and said it expects the deal to be completed during its third quarter.
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