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News: Disk drive market consolidates as Western Digital buys Komag

Category: Manufacturers, Storage / Hard Drives
Posted: 07:57PM

Computer World -

In the latest move to consolidate the disk drive industry, Western Digital Corp. has agreed to buy component maker Komag Inc. for about $1 billion in cash, the companies said on Thursday. The proposed merger comes amid a sharp fall in prices in the highly commoditized computer disk drive industry, once one of the bedrock manufacturing sectors in Silicon Valley. Western Digital expects to pay $32.25 per share for all of the outstanding shares of Komag, a supplier of the thin-film media that finished-products maker Western Digital uses to make disk drives.

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