Seagate Acquires LaCie

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RoBoGhOsT

Perambulating
Galvanizer
Seagate has acquired leading external storage manufacturer LaCie .

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Seagate has got hold of around 65% share of LaCie , enough to take control of the French manufacturer . The final price may end up being more than initially proposed $186 million . The price payable to Philippe Spruch and his affiliate may be increased by 3%, to €4.17 per share, in the event that within six months following today's date, Seagate holds at least 95% of the share capital and voting rights of Lacie.

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Talk about going for broke, these guys were having a hard-time to prop up their sales departments after the so-called 'Thailand fiasco' and not a year later they have acquired SAMSUNG and now LACIE. Welcome to the banana republic of G33kdom.
 
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