Western Digital's Offer to Take Over Seagate Turned Down

Seagate Technology Plc has been in demand for a while now, but it doesn’t look like they’re going to take any old offer. According to Bloomberg, Seagate just rejected an offer made by Western Digital, one of its biggest rivals.

Western Digital getting too big for its boots?

Seagate recently also turned down a huge offer from one of the largest private equity investment firms in the world, TPG Capital. Although an offer of over $7.5 billion was made, Seagate turned it down as the deal was reportedly not in the best interest of the company and its investors.

Published Date: Dec 06, 2010 11:22 am | Updated Date: Dec 06, 2010 11:22 am