IBM Completes HD Sale to Hitachi

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Date: Wednesday, January 2nd, 2002, 06:24
Category: Archive

As expected, IBM has announced it has closed the deal to sell its hard-drive disk assets to Hitachi, according to a Reuters report. The deal, first announced in June, stipulates that Hitachi will initially own 70 percent of a newly created hard disk drive company (as yet unnamed), buying the remaining 30 percent portion from IBM over the next three years. Thanks to Bryan Falchuk for the tip.


As expected, IBM has announced it has closed the deal to sell its hard-drive disk assets to Hitachi, according to a Reuters report. The deal, first announced in June, stipulates that Hitachi will initially own 70 percent of a newly created hard disk drive company (as yet unnamed), buying the remaining 30 percent portion from IBM over the next three years. Thanks to Bryan Falchuk for the tip.

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