Not too surprising, I think most people knew that Samsung was looking for a buyer. I'm curious if this will help or hinder the industry though.Well that was fast. A day after an anonymous source told The Wall Street Journal that Samsung was shopping its hard drive business in hopes of raising $1.5 billion, the electronics maker found a buyer. Seagate today announced a "broad strategic alignment" with Samsung that, among other things, will give Seagate control of Samsung's struggling hard drive business in a deal worth $1.375 billion (half in cash, the other half in stock).
Under terms of the deal, Seagate agrees to supply disk drives to Samsung for PCs, notebooks, and consumer electronics. The deal extends beyond hard drives and also extends and expands the existing cross-license agreement between the two companies, as well as a new NAND flash memory supply agreement that has Samsung providing Seagate with semiconductor products for use in Seagate's enterprise SSD, solid state hybrid drives, and other products.
Samsung Sells Hard Drive Business to Seagate for $1.375B
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Sabre
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Samsung Sells Hard Drive Business to Seagate for $1.375B
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Sabre (Julian)
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Good choice putting $4,000 rims on your 1990 Honda Civic. That's like Betty White going out and getting her tits done.
92.5% Stock 04 STI
Good choice putting $4,000 rims on your 1990 Honda Civic. That's like Betty White going out and getting her tits done.
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complacent
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Re: Samsung Sells Hard Drive Business to Seagate for $1.375B
hopefully this will increase the quality and performance of seagate's offerings.
1.5tb-gate, anyone?
1.5tb-gate, anyone?
colin
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i <3 teh 00ntz
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Raven
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Re: Samsung Sells Hard Drive Business to Seagate for $1.375B
I haven't had a quality issue with anything Seagate makes.
All my cars have drum brakes and are sub 200 hp, what am I doing with my life?
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2013 Mazda 2
1994 Chevy S10 pickup
1985 Chevy Caprice (no fuel system)
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sirwilliam
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Re: Samsung Sells Hard Drive Business to Seagate for $1.375B
You are a uber rare breed then.Raven wrote:I haven't had a quality issue with anything Seagate makes.
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"When I get sad, I stop being sad and be awesome instead. True story." -Barney Stinson
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2008 SG Model D BlueRallyWorld
"When I get sad, I stop being sad and be awesome instead. True story." -Barney Stinson
"Nothing shuts my pie-hole but pie." -Shawn Spencer
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complacent
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Re: Samsung Sells Hard Drive Business to Seagate for $1.375B
this is true.sirwilliam wrote:You are a uber rare breed then.Raven wrote:I haven't had a quality issue with anything Seagate makes.
colin
a tank, a yammie, a spaceship
i <3 teh 00ntz
a tank, a yammie, a spaceship
i <3 teh 00ntz
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zaxrex
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Re: Samsung Sells Hard Drive Business to Seagate for $1.375B
We are still talking about George and HDDs, right? 
Patience is the ability to idle your motor when you feel like stripping your gears