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

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News