Seagate to buy Maxtor for $2 billion
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Seagate are to buy Maxtor for $1.9bn. Seagate are currently the No.1 HDD manufacturer, with Western Digital in second place.Seagate shares seem to be rising too, after a bit of a low for last 2mths.
SEAGATE and Maxtor confirmed the acquisition. The deal is worth $1.9 billion. The firms said the combination will be 10-20% accretive on a cash EPS basis after the first full year of combined operations. HARD DRIVE manufacturer Seagate will pay $1.9 billion to take over Maxtor, a report in the Wall Street Journal said.
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