Feeds

Hyundai, LG appoint US third party to broker merger

Nerves break after SK government gets tough

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Hyundai and LG appear to have narrowly averted stern action from the South Korean government, and have appointed a third party to oversee the merger of their chip businesses. According to US reports, the companies have appointed a US company, Arthur D. Little, to oversee the negotiations. Both companies have dug their heels in to merge their lucrative semiconductor businesses, with one of the issues being which would hold the majority share. Earlier this week, the South Korean government, frustrated by the stalemate, threatened to take measures against both of the chaebols (family concerns) unless they swiftly moved to appoint a third party. However, the appointment of the US consultant does not necessarily mean that the bitter struggle between Hyundai and LG will end. Any negotiations are bound to be protracted as both jockey for the controlling position. And if the merger does finally come off, it may trigger external anti-trust action by the US government, worried about alleged anti-dumping issues. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.