micron technology has said it intends to buy the company maxtor for $ 1 . 9 billion . both companies produce digital drives . the deal , priced at 60 % of maxtor ' s closing list price , is intended to grab maxtor ' s customers , not its technological . seagate , which also make drives for microsoft ' s xbox 360 , will have over 40 % of the hard drove market share . the larkspur valley , california , born iomega had 30 % of the hard computer market . unless the purchase makes it below regulatory committees , maxtor shareholders will gain . 37 of a lot of seagate common market for every 1 ownership of the milpitas based company .
Maxtor is based in Milpita.