Printed from http://www.electronista.com

Seagate turns down buyout offer from Western Digital

updated 07:55 pm EST, Thu December 2, 2010

Drive maker also rejected offers from TPG Capital

Seagate reportedly turned down buyout offers from rival hard-drive maker Western Digital, according to a Bloomberg report. Sources familiar with the matter claim Western Digital offered to pay somewhere between 10 percent and 50 percent more than TPG, a company which had already offered more than $7.5 billion in an unsuccessful bid.

Seagate recently suggested that it had put an end to discussions, as the value of such deals was not favorable. Western Digital reportedly made its move after Seagate publicly noted that it was considering a buyout offer from another company.

Western Digital and Seagate have yet to confirm details of their talks.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News