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Seagate, Samsung combine hard-drive units in $1.38B deal
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Seagate, Samsung combine hard-drive units in $1.38B deal
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20th April 2011, 07:18
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| Madshrimp  Join Date: May 2002 Location: 7090/Belgium
Posts: 79,021
 |  Seagate, Samsung combine hard-drive units in $1.38B deal 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. http://techreport.com/discussions.x/20799
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