Seagate bought Samsung hard drive business for 1.4Billion

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Seagate is buying Samsung’s hard disk-drive business in an agreement worth about $1.4 billion in cash and stock. Samsung will get 45.2 million Seagate shares, or a 9.6% stake, worth about $687.5 million as part of the deal, the two companies said in a statement on Tuesday. Seagate will supply Samsung with hard drives for [...]

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