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Paper says Western Digital to buy Fujitsu's hard drive division

Nikkei claims that the two companies are discussing a deal that could easily top $500 million.

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Computing | by Evan Blass | Thu Oct 2, 2008 8:44AM | 0 comments

Western Digital is in the midst of talks with Japanese manufacturer Fujitsu to purchase the latter company's entire hard disk drive business, according to business journal Nikkei. The paper reports that WD would pay between the equivalent of $661 million and $944 million for the division, with the stipulation that all 15,000 employees would retain their jobs. A combined WD-Fujitsu hard drive business would still not have enough market share on paper to overtake industry leader Seagate (which recently made its own acquisition in rival Maxtor), but it would leave third place Hitachi trailing even further behind number two, WD. Fujitsu's joint manufacturing venture with Siemens is also said to be looking for a buyer, with Lenovo reportedly having expressed interest.

[Via The New York Times]

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