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RumorTT: OCZ to be scooped up by Seagate

RumorTT: Seagate rumored to acquire OCZ

| Business, Financial & Legal News | Posted: Jul 22, 2012 1:51 pm

Well, ain't this a big rumor! The water cooler has been hot over the weekend, with talks that storage giant Seagate would acquire OCZ. According to Fudzilla's "unnamed industry sources", Seagate could purchase OCZ and would be willing to pay over $308.5 million.

 

TweakTown image news/2/4/24953_07_rumortt_ocz_to_be_scooped_up_by_seagate.jpg

 

Considering that Seagate is worth $11 billion, it is but a drop in the ocean to purchase one of the best SSD makers in the business right now. If the deal were to go through, OCZ would continue as its own brand within Seagate, even possibly continuing to operate as a separate company.

 

Another buyer rumored to be eyeing OCZ is Micron. Since the rumor starting flying, OCZ's shares have had a very nice surge of around 22-percent, increasing their market cap by $68 million. We reached out to OCZ and had the following response regarding the rumor:

 

We can't comment on market rumors.

NEWS SOURCES:Fudzilla.com

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