Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M

Quick Summary:

Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.

Seagate said on Thursday that it’ll pay $4 per share in a tender offer for Intevac, which is publicly traded.

His writing has appeared in VentureBeat and Digital Trends, as well as a range of gadget blogs including Android Police, Android Authority, Droid-Life, and XDA-Developers.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United StatesChinaMalaysiaSingapore

Topics: Merger Hardware Enterprise Intevac Hard drive disk Hamr Seagate Acquisition HDD

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 17:47:08 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26125130

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