Seagate completes purchase of LaCie in quest to become king of the hard drive hill

The final price may end up being more than the initially proposed $186 million, but Seagate has successfully acquired a controlling share of LaCie stocks. The provisional price of €4.05 per share could increase to €4.17 if Seagate manages to accumulate 95 percent of the company's stocks in the next six months. As of now, however, it hold just shy of 65 percent, enough to take control of the French manufacturer. With LaCie and its valuable consumer business under its belt and Samsung's SSD expertise, the move to reject a Western Digital take over is looking better and better. After all, consumer choice is the engine of capitalism and now Seagate has more than enough ammunition to take on WD and its Hitachi properties. Check out the PR after the break.

Continue reading Seagate completes purchase of LaCie in quest to become king of the hard drive hill

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Seagate completes purchase of LaCie in quest to become king of the hard drive hill originally appeared on Engadget on Fri, 03 Aug 2012 23:27:00 EDT. Please see our terms for use of feeds.