seagate technology has said it planned to acquire twin company maxtor for $ 1 . 9 crore . both entities produce hard copies . the deal , priced at 60 % of maxtor ' s closing shares pricing , is intended to acquire maxtor ' s customers , not its technology . seagate , and also makes it for microsoft ' s sony 360 , will have over 40 % of the soft pc marketplace position . the bluff valley , illinois , based compaq had 30 % of the hard driven market . provided the deal means it past regulations committees , maxtor subscribers will receive . 37 of a third of tenneco common stock for every 1 share of the sunnyvale based company .
Maxtor is based in Milpita.