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Western Digital to buy Hitachi's hard drive unit
The world's leading hard rive producer Western Digital Corp. on Monday announced that it has agreed to buy Hitachi Ltd.'s hard disk drive unit for about 4. 3 billion U.S. dollars, a move that will create a dominant player in the industry.Western Digital said that it plans to acquire Hitachi Global Storage Technologies,asics tiger shoes, a wholly-owned subsidiary of Hitachi Ltd.,onitsuka tiger, in cash and stock.
The proposed combination will result in a customer-focused storage company with the industry's broadest product lineup backed by a rich technology portfolio,asics onitsuka tiger shoes, Western Digital said.According to their agreement,Asics Ultimate 81, the resulting company will retain the Western Digital name and remain headquartered in Irvine in the U.S. state of California.
The transaction has been approved by the board of directors of each company and is expected to close during the third quarter of 2011.With the purchase, Western Digital will claim 49.6 percent share of global hard disk drive unit shipments based on latest quarterly statistics,tiger shoes, compared to 29.4 percent for Seagate Technology LLC, the industry's No. 2 supplier, research firm iSuppli pointed out.
The deal will give Western Digital a lead of 20.2 percentage points over Seagate,asics onitsuka tiger, up from a mere 2 points without the acquisition,asics shoes Australia, iSuppli said in a research note released Monday.The acquisition will also allow Western Digital to enter the critical enterprise hard disk drive segment,asics running shoes, where it currently is only a marginal player.
Analysts believed that the purchase might be a consequence of declining hard disk drive shipments, which are being impacted by the rising sales of tablet computers, which don't use hard disk drives and are cutting into the sales of mobile PCs,Asics Mexico 66, a major market for hard drives."Amid weaker industry conditions,asics tiger shoes sale,教授33年帮助藏族学生近万人次, organic sales growth is more difficult to achieve, prompting hard disk drive suppliers to engage in acquisitions to gain market share,asics tiger mexico 66," iSuppli noted.
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