Wednesday, December 21, 2011

Seagate Completes Buy Of Samsung's Hard Drive Business

Cupertino-based disk drive maker Seagate Technology said Tuesday that it has completed its acquisition of the hard drive business of Samsung Electronic Co., Ltd.. The deal includes Samsung's M8, high capacity 2.5-inch HDD line. The deal had originally been announced in April of 2011, and is worth $1.4 billion.