Seagate to Maxtor: "Me Love You Long Time"

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We have some big news coming out of the hard drive manufacturing world today. Seagate will be acquiring Maxtor in a $1.9 billion merger. This sounds like it will be very good for the consumer because Maxtor is well-known for its horrible quality but good prices, while Seagate is known for offering pretty good quality for moderate prices. So theoretically combining the two could result in good hard drives for really cheap prices. Or not. The new merged company will be built upon Seagate's foundation and each Maxtor shareholder will receive 37 shares of Seagate in exchange.

Hard Drive Makers to Merge [Design Technica]


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