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Seagate buys Samsung hard drive division

But how? A little more than a month ago, Western Digital bought the Hitachi HDD business, and then this comment to the news took place (the entire discussion thread is valuable).
The comment turned out to be prophetic: The Wall Street Journal website reports that Seagate is buying Samsung’s division for $ 1.4 billion. Half of the amount will be paid in real money, half - in the form of shares of Seagate. Thus, Samsung will own 9.6% of the Seagate company.
But this deal is much more than just an act of sale. Both companies expect long-term cooperation: Samsung will supply flash chips for SSD drives manufactured by Seigate, which, in turn, will provide its products for PCs, laptops and other devices from Samsung.
Seagate representatives say that this deal will open up new opportunities for them in the markets of China and Southeast Asia, as well as positively affect the work on SSD-drives.
If the transaction is approved by all the necessary authorities, then in the hard drive market, in fact, there will be only three players: Western Digital, Seagate (currently have the largest market share) and Toshiba.

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Source: https://habr.com/ru/post/117790/


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