Seagate Technology, which makes computer hard drives used to store data, said Wednesday it agreed to acquire rival Maxtor Corp. for about $1.9 billion in stock. Subscribe to read this story ad-free ...

With Maxtor being under financial pressure over the past couple of years due to a string of quarterly losses and manufacturing problems which resulted in having to shut down production for a short ...

Computer disk drive maker Seagate Technology said Monday that it would cut about 6,400 jobs after it completed its purchase of competitor Maxtor Corp. for $1.9 billion. About half of Maxtor’s 12,800 ...

Getting your Trinity Audio player ready... About 650 Longmont workers at computer disk-drive maker Maxtor Corp. will lose their jobs following rival Seagate Technology’s purchase of the company. The ...

Seagate (NYSE: STX) and Maxtor (NYSE: MXO) today jointly announced they have entered into a definitive agreement under which Seagate will acquire Maxtor in an all stock transaction. Under the terms of ...

NEW YORK – Seagate Technology (STX) on Wednesday said it would buy smaller rival Maxtor Corp. (MXO) for $1.9 billion to gain market share and bolster its No. 1 position in the notoriously cutthroat ...

Seagate's plan to acquire rival disk-drive maker Maxtor will create a major force to be reckoned with in the storage industry. The all-stock transaction announced Wednesday, valued at $1.9 billion, ...

Twas the week before Christmas when Seagate Technology announced plans to acquire smaller rival Maxtor in an all stock deal worth an estimated $1.9 billion. Both companies’ boards have unanimously ...

We’ll send you a myFT Daily Digest email rounding up the latest Seagate Technology PLC news every morning. Seagate Technology on Wednesday said it would buy rival computer disk-drive maker Maxtor for ...

Disk-drive manufacturer Seagate Technology completed its acquisition of Maxtor Corp. Monday, saying it will fire about half of Maxtor's 12,000-person workforce. Most of those cuts will occur in the ...

Seagate has announced plans to acquire longtime rival Maxtor in an all-stock transaction valued at US$1.9 billion. Under the terms of the agreement, which has been unanimously approved by the boards ...