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Seagate acquires Samsung

 
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kls85
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PostPosted: Tue Apr 19, 2011 11:27 am    Post subject: Seagate acquires Samsung Reply with quote
Seagate one of the makers in mechanical storage has bought Samsung Electronics Co., Ltd. for $1.375 billion. This is paid by 50% in stocks and 50% in cash. Key parts to their agreement are:
Seagate wrote:
Samsung combining its hard disk drive (HDD) operations into Seagate
Extending and enhancing the existing patent cross-license agreement between the companies
A NAND flash memory supply agreement under which Samsung will provide Seagate with its market-leading semiconductor products for use in Seagate’s enterprise solid state drives (SSDs), solid state hybrid drives and other products
A disk drive supply agreement under which Seagate will supply disk drives to Samsung for PCs, notebooks and consumer electronics
Expanded cooperation between the companies to co-develop enterprise storage solutions
Samsung receiving significant equity ownership in Seagate
A shareholder agreement under which an executive of Samsung will be nominated to join Seagate’s Board of Directors

Not to long ago, Western Digital had acquired Hitachi for $4.3 billion.
press release
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Hero
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PostPosted: Tue Apr 19, 2011 2:04 pm    Post subject: Reply with quote
so, now my sexy samsung tvs are seagate? Or did they only purchase the hardrive part of the company?
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AhMunRa
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PostPosted: Tue Apr 19, 2011 2:27 pm    Post subject: This post has 1 review(s) Reply with quote
Just the HDD portion was purchased.
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GG
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PostPosted: Thu Apr 21, 2011 11:04 pm    Post subject: Reply with quote
So now the two best HDD companies own the two worst?
lulwut?
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