Seagate buys Samsung HD unit ... and then there were three

Seagate Technology has announced that it is to acquire Samsung's loss-making hard drive business for $1.4 billion.

Seagate Technology has announced that it is to acquire Samsung's loss-making hard drive business for $1.4 billion.

Sales are in decline and the sector is facing stiff competition from flash drives and solid-state hard drives (SSDs), so we've seen a few shake-ups lately. A month ago Western Digital announced that it was to acquire Hitachi's hard drive unit for $4.3 billion. this latest takeover leaves three players in the storage - Seagate, Western Digital and Toshiba.

This merger gives Seagate around 40% of the storage market, with Western Digital picking up about 50% and leaving Toshiba with around 10%.

Given the numbers, Toshiba is ripe for the picking ...

So, how do you feel about your choice of storage providers collapsing down to three?

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All
See All