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December 21, 2005

Seagate Buys Maxtor for 1.9B USD

In one of the last big merger moves of 2005, hard drive manufacturer Seagate has purchased it's closest rival, Maxtor, to the tune of USD 1.9B. The merger is expected to close in the 2nd half of 2006 and the new company will continue to operate under the Seagate brand and management. Digital photographers contemplating additional storage options (and who isn't - given the prolific nature of digital), may want to take this development into consideration when making their purchase decisions.

Posted by covey22 at December 21, 2005 9:08 PM