HardOCP News
[H] News
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- Dec 31, 1969
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Seagate Technology announced today that it is buying Samsung's hard drive business for $1.38B. What is going on lately? Didn't WD just buy Hitachi's hard drive unit last month?
Samsung has agreed to supply Seagate with chips for its hard drives. Seagate, meanwhile, will supply disk drives for Samsung's PCs, notebook computers and consumer electronics. As part of the deal, a Samsung executive will be nominated to join Seagate's board. Samsung plans to pay Seagate in cash and stock.