Western Digital to Buy Fujitsu's Hard Drive Business
The world of hard disk drive makers is about to get a little smaller if reports out today are correct. According to a Japanese business publication, Western Digital and Fujitsu are fairly far along in the negotiation process for WD to acquire Fujitsu's hard drive business. With just over 7 percent of the world-wide drive market share, Fujitsu is one of the smaller players in the market at #6 behind Toshiba and Samsung. The acquisition would leave WD in second place in terms of market share behind Seagate and in front of Hitachi. As negotiations are still under way a final price has not been announced but is expected to be in the $661 - $944 million (US) range.