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Samsung and Seagate Join Forces After HDD Buyout

Category: Manufacturers, Storage / Hard Drives
Posted: April 19, 2011 11:59AM
Author: Psywar

Samsung and Seagate have joined forces after Samsung sold the hard disk drive-manufacturing wing to Seagate. Seagate bought Samsung's HDD business for $1.375 billion in equal amounts of cash and stock. Samsung now holds 9.6 percent of Seagate's shares and will have the ability to vote on Seagate's Board of Directors. Due to all these events, Samsung and Seagate will start cross-licensing devices. Seagate will also begin furnishing Samsung's PCs and other electronics with hard disk storage devices. With this new alliance Seagate hopes to improve its relationship with TDK Corporation/SAE Magnetics and by doing this should allow for all companies to boost the time-to-market on new products. You should expect to see these changes in full effect by the end of this year.



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El_Capitan on April 19, 2011 12:52PM
Well, that just sucks. I've had problems with Seagate Barracuda's, but no problems with my Samsung Spinpoint F3 1TB's. Hopefully they combine the best of both worlds instead of making a mess.

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