News.com schrijft dat Seagate Technology voor 20 miljard dollar wordt overgenomen door Veritas Software. De harddisk divisie wordt eigendom van een investeringsmaatschappij:
Seagate Technology, the company that helped create the disk drive business, announced today it will be bought by Veritas Software and an investment group in a complex $20 billion deal.
[...] Simultaneously, Seagate's hard drive business will be acquired by a group of investors led by Silver Lake Partners, an investment group that includes venture capitalists Kleiner, Perkins, Jim Davidson and Roger MacNamee, among others. Seagate will then become a private concern for the immediate future. The Texas Pacific Group is also an investor.
The investment group will pay approximately $2 billion in stock and cash for the assets of the hard drive business. The Silver Lake investors group originated and led the transaction, according to the companies.