Western Digital, one of the biggest rival of Seagate has just acquired Hitachi Global Storage Technologies which considered as one of their competing rival. It’s all about big fish feasting small fishes. It’s feeding frenzy and Western Digital has grown so much in the past few years to the state they can have head-to-head battle with Seagate (which has also acquired Maxtor technologies in the past).
Hitachi Global Storage Technologies was acquired for a deal price of USD $4.3 billion. With Hitachi’s technology, WDC might be able to produce even better storage solution in the future. It’s interesting to see what they are coming up when they’ve fully fused their technology. According to the source, two Hitachi’s executives will be added to Western Digital’s board of directors’ seats, while the $4.3 billion is expected to close at Q3 of 2011 and comprising $3.5 billion in cash together with 25 million WD common share that worth $750 million.
As a consumer, I don’t care how the big boys battling each other. All that I want to care and enjoy is the increase in their quality, and of course, decrease in pricing for their entire new product line if possible.