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?