Tuesday, December 20, 2011

Seagate shores up its hard drive business, finalizes Samsung purchase

Seagate shores up its hard drive business, finalizes Samsung purchase

It's taken the pair a fair few months to hammer down the details, but it's finally official: Seagate now holds the figurative keys to Samsung's hard drive business. According to the press release, Seagate will retain some Samsung employees as well as gaining access to the electronics manufacturer's solid-state storage for future products. Samsung will hold onto a 9.6 percent stake of Seagate and cash money said to total around $1.375 billion.

Engadget, Seagate shores up its hard drive business, finalizes Samsung purchase

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