European Commission probes

EU regulators opened in-depth probes yesterday into two takeover bids in the computer hardware sector involving two Asian companies and two US peers, saying it was concerned the deals would reduce the number of rivals. US-based Seagate Technology has said it wants to buy Samsung’s loss-making hard disk drive unit for $1.4bn (£849m). Western Digital plans to purchase Hitachi’s hard disk drive business for $4.3bn. The European Commission said it wanted to take a closer look.