March 24, 1998 in Nation/World

Compaq Clears Hurdle

From Staff And Wire Reports
 

Compaq Computer Corp.’s $8.48 billion acquisition of Digital Equipment Corp. got the OK from the European Commission, clearing a hurdle to the computer industry’s biggest takeover.

The commission, the agency that enforces EU antitrust policy, cleared the acquisition without conditions.

Regulators have investigated whether the combination of No. 1 personal computer maker Compaq with Digital would limit rivals’ access to the burgeoning market for personal computers and services.

The takeover still needs U.S. Federal Trade Commission approval.

Get stories like this in a free daily email


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus