Seagate, Samsung combine hard-drive units in $1.38B deal

@ 2011/04/20
Seagate and Samsung have announced a "broad strategic alignment," as part of which Seagate will take over Samsung's hard-drive operations in exchange for a cool $1.375 billion (paid half in cash, half in stock). The deal also involves a NAND flash memory supply agreement as well as "expanded cooperation" on enterprise storage.

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