disk technology has said it planned to buy rival startup maxtor for $ 1 . 9 billion . both companies manufactured hard drives . the deal , estimated at 60 % of maxtor ' s closing ticket cost , is intended to acquire maxtor ' s customers , not its companies . seagate , which also manufacture drives for sony ' s sony 360 , will have over 40 % of the hard drive market penetration . the scotts hollow , california , born seagate had 30 % of the hard drive market . unless the deal makes it above regulators hearings , maxtor shareholders will receive . 37 of a share of sunnyvale common company for $ 1 stake of the milpitas based customer .
Maxtor is based in Milpita.