Seagate Agrees To Buy Samsung HDD Division For $1.375 Billion

Posted on Apr 19 2011 - 8:59am by Robby S.

Seagate Buys Samsung HDD Division

Looks like Seagate is going to spent a few bucks, $1.375 billion to be exact, to acquire Samsungs HDD business.  Seagate will pay for this with equal bits of cash and stock.  The companies also want to work closer, not just a quick sale here.  The deal has Samsung provisioning Seagate's SSD's with NAND flash memory, while Seagate will provide Samsung with hard drives for PC's and consumer gadgets.  Looks like we are down to 3 hard drive manufacturers now.

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