Western Digital to Acquire Hitachi Global Storage Technologies, smirks at Seagate

Western Digital has announced a very surprising and monstrous deal to acquire on of its primary competitors, Hitachi Global Storage Technologies. Irony, few years back Hitachi actually bought up a factory that Western Digital deemed unworthy during the economy crisis. Western Digital is currently ranked number 1 in sales of hard disk worldwide after taking over Seagate, and Hitachi is ranked number 3. 5 billion in cash and $750 million in WD common stock, the two will combine in a way that sees the Western Digital brand and headquarters surviving, while Steve Milligan, president and chief executive officer of Hitachi GST, will join WD at closing as president.

Western Digital to Acquire Hitachi Global Storage Technologies, smirks at Seagate