Seagate to acquire Maxtor in 2006

By Justin Mann on
In a recent press release, Seagate and Maxtor announced that Maxtor as a company will be in full acquired by Seagate. After a stock transfer, Seagate will own all of Maxtor's facilities and use them to keep a position as one of the top HDD manufacturers in the world. Taking place over the next year, the transition will leave just the Seagate name, meaning one less large competitor in the HDD market. Of course, the PR speak from Seagate alluded to only good things, with the acquisition being able to further promote development of the company's products. We can assume that Seagate will wish to continue marketing Maxtor's products in one form or another, though for sure this will impact both companies product line and what product is available on the shelves. Read the full press release at Seagate's website.

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