Posted on Thursday, November 25 2010 @ 0:00 CET by Thomas De Maesschalck
Word is going around that a competitor is considering to acquire Seagate. Potential bidders include Toshiba, Samsung, or WD.
One of competitors is rumoured to be considering acquisition of Seagate Technology. While the deal is not too likely to happen due to various reasons, if this will be made, it will not only be the largest technology acquisition in 2010, but it will also create the new world's largest maker of hard disk drives (HDDs)
After a number of private equity firms decided not to acquire Seagate Technology, which this year lost hard drive volume leadership to its arch-rival Western Digital, the New York Post news-paper reported that a rival could acquire Seagate in a bid to create the world's largest maker of hard disk drives. At present Seagate has market capitalization of $6.5 billion and if the deal really happens, the value of the transaction could be $7.8 billion of not higher.
Source: X-bit Labs
