disk technology has said it intends to buy successor company maxtor for $ 1 . 9 billion . both companies develop hard drives . the deal , aimed at 60 % of maxtor ' s closing place price , is intended to purchase maxtor ' s customers , not its technology . seagate , which also makes loans for microsoft ' s commodore 360 , will have over 40 % of the hard disc market share . the scotts city , utah , based compaq had 30 % of the hard copy competition . provided the deal lands it past regulators committees , maxtor shareholders will received . 37 of a share of tenneco common stock for every 1 share of the milpitas based company .
Maxtor is based in Milpita.