Tech content trusted by users in North America and around the world
5,676 Reviews & Articles | 36,074 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

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.


Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below