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Tuesday, 19 April 2011 11:58

Seagate to buy Samsung HDD business

Written by


Confirms $1.37 billion deal
Seagate has officially announced a deal to acquire Samsung’s HDD business for $1.37 billion. Seagate will make half of the payment in cash, while the other half will be made in stock, which will give Samsung a 9.6 percent share in Seagate.

This is a rather interesting development, as Seagate will end up with a somewhat higher market share, while at the same time Samsung, a major producer of flash memory will end up with a sizable chunk of Seagate. Hence, under the deal Seagate will continue to supply Samsung’s ever growing needs for HDD storage, while Samsung will return the favor with flash supplies, so we can probably expect to see Seagate SSDs packed with Samsung chips in the future.

However, it will take some time before the deal is finalized and analysts expect it to be formally closed by the end of the year.

Western Digital will still remain the largest HDD maker on the market. Last month the outfit acquired Hitachi’s HDD business for $4.3, ensuring the top slot for years to come. As a result, the industry will end up with just three hard drive makers.

Toshiba is still soldiering on in third place and we can only guess whether it will choose to sell its hard drive business like Hitachi and Samsung. This would result in a new tech duopoly, much like the ones we have today in the CPU and GPU arena.

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Comments  

 
+27 #1 leftiszi 2011-04-19 12:08
So only two HDD players remain for desktop PCs. That sucks man.
 
 
+26 #2 loadwick 2011-04-19 12:24
I could have offered Hitachi $5 for their business if only i had know but $4.30 is a bargain for something i would have thought would be worth billions!
 
 
-7 #3 loadwick 2011-04-19 12:26
On a serious note, how is Samsung worth so much less than Hitachi? I have never bought a Hitachi HDD because they don't make anything worth buying and yet i have bought so many Samsung drive (partly because they seem to fail so often) but mainly because they are fast and cheap.

I am very surprised Hitachi is deemed to be a much stronger player in the HDD market than Samsung.
 
 
+6 #4 Wolfesteinabhi 2011-04-19 13:24
Quoting loadwick:
On a serious note, how is Samsung worth so much less than Hitachi? I have never bought a Hitachi HDD because they don't make anything worth buying and yet i have bought so many Samsung drive (partly because they seem to fail so often) but mainly because they are fast and cheap.

I am very surprised Hitachi is deemed to be a much stronger player in the HDD market than Samsung.

well because most of hitachi's drive are quite durable and high performing, have used quite alot of them in my Pentium and celeron days..and i belive they were still quite good in providing professional solutions
 
 
+2 #5 thematrix606 2011-04-19 16:21
Quoting Fudzilly:
will make half of the payment in cash


WHOA, is this like a mob deal going down?? xD
 
 
+5 #6 laxity 2011-04-19 16:52
Nooo!! :( Samsung Spinpoint hard drives were by far the best drives out there in my opinion. Extremely fast, quiet and reliable drives. I have 8 x 1TB Spinpoint F1's and 2 x 2TB Spinpoint F3's. Not had a single failure yet, which I certainly can't say for the shoddy drives from Seagate. I've seen many Seagate drive failures and DOA's due to serious overheating etc in the past. The less said about Hitachi(Ex-IBM) drives the better. Guess it's Western Digital from now on for me. Had a couple of failures with RE2 drives but my old 10000RPM raptors are still going strong :)
 
 
-3 #7 pogsnet 2011-04-19 19:27
OMG Monopoly on the making... WD and Hitachi are the remaining but WD is a contender to fight back.

Samsung HDD is good for a cheat price. I don't like seagate HDD, I have so many overheating problems with them. WD and Samsung no problems at all.
 
 
+3 #8 Jermelescu 2011-04-19 22:27
Western Digital for the win!
 
 
+6 #9 SlickR 2011-04-20 01:25
Ridiculous high prices here we come!!!

This sucks. EU, US competition commissions why don't you react now in the interest of consumers, you bunch or corrupted no lifers.
 
 
+1 #10 thomasg 2011-04-20 07:27
Quoting SlickR:
Ridiculous high prices here we come!!!

This sucks. EU, US competition commissions why don't you react now in the interest of consumers, you bunch or corrupted no lifers.

Because Samsung is a Korean company.
 

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