Linked by Thom Holwerda on Wed 23rd May 2012 17:22 UTC
Hardware, Embedded Systems "Seagate this morning announced plans to acquire LaCie, a Paris-based producer of consumer data storage devices, for at least $186 million. Seagate said it has agreed to buy a 64.5% stake in LaCie held by Philippe Spruch, the company's chairman and CEO. On completion of that transaction, Seagate intends to made an all-cash tender offer for the rest of LaCie's shares."
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RE: comment
by Soulbender on Wed 23rd May 2012 22:54 UTC in reply to "comment"
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Yeah but you see laCie is an established company with an actually profit bearing product line so obviously they're not, uhm, worth that much. That, or Seagate management is actually competent and level-headed.

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