disk technology has said it intends to buy rival group maxtor for $ 1 . 9 billion . both subsidiaries produce hard drives . the deal , priced at 60 % of maxtor ' s close share rate , is intended to protect maxtor ' s customers , not its technology . seagate , which also produce drives for xbox ' s xbox 360 , will have over 40 % of the hard copy market share . the scotts valley , florida , of seagate had 30 % of the harder disc market . provided the arrangement means it past regulator procedures , maxtor employees will receive . 37 of a section of 3com common interest for every 1 share of the calif.-based founded enterprise .
Maxtor is based in Milpita.