Seagate bought Samsung HDD

Now, Seagate’s acquisition of the South Korean giant Samsung, which is creating hard drives, can now be considered closed. It became known about this deal in April of this year. All issues are settled, and soon Samsung HDD will begin to work as a division of another company. All antitrust authorities in Europe, China and Australia have already approved this deal. The cost of the purchase is large enough, almost half a billion dollars (1.4 billion).

Under the terms of the transaction, Seagate receives almost all of the assets of Samsung HDD, including most businesses, technologies, patents and employees. In general, it is a really big deal that changes the spheres of influence in the hard disk drive sector quite strongly. It is also reported that several top managers of Samsung, who previously worked in the Samsung HDD, are joining Seagate.
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Now in all this barrel of honey, which can be considered the assets of Samsung HDD, there is also a fly in the ointment. Or rather, problem enterprises affected by the floods in Thailand. About it on Habré wrote more than once. Hard drives now have risen significantly in price, because the goods are in short supply. What to do, it happens. But Seagate is not discouraged, and they are going to continue active work on creating new models of hard drives based on the acquired assets of Samsung.

Some representatives of the HDD lineup, previously released by Samsung, will continue to be produced under the South Korean brand. But this situation will not last long, about a year. All this is necessary in order for customers to get used to the fact that Samsung HDD is now owned by Seagate, and become "adherents" of the new manufacturer.

Via itechreport