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Seagate downloads Maxtor for $2 billion

Marc Perton
12.21.05
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Looks like the old adage — backup, backup, backup — still applies, no matter how big you are. Seagate, the world's largest hard-drive maker, is getting some extra storage space with one touch by picking up rival Maxtor for $1.9 billion. The merged company will operate under the Seagate name, and will presumably have a somewhat longer MTBF than the two companies would have had on their own.

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