The Korean electronics giant has just announced that it's selling its hard disk drive-manufacturing arm to Seagate Technology for a neat $1.375 billion in equal measures of cash and stocks. As a result, Samsung Electronics will own approximately 9.6 percent of Seagate and get to nominate one new member to join Seagate's Board of Directors, while the two companies have further agreed to deepen their strategic relationship with related cross-licensing and supply stipulations.
Samsung will provision Seagate's solid state drives with NAND flash memory, whereas Seagate will furnish Samsung's PCs and consumer electronics products with hard disk storage.
4 comments:
hmmm, i'm not sure how this will affect the quality of their HDDs.
I never was much of a Samsung guy myself, so this doesn't bother me too much.
I'm gunna agree with Alphalpha here. Not much of a Samsung fan either...
Well sounds cool, but i'm glad with my headphones
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