seagate digital has said it intends to buy companion companies maxtor for $ 1 . 9 billion . both schools produce data media . the deal , priced at 60 % of maxtor ' s opening share price , is intended to acquire maxtor ' s customers , not its tech . compaq , which mostly creates software for microsoft ' s xbox 360 , will have over 40 % of the hard disks trade space . the scotts valley , california , based seagate had 30 % of the hot drive market . when the deals makes it past regulatory committees , maxtor shareholders will receive . 37 of a piece of seagate common stock for every 1 share of the milpitas based business .
Maxtor is based in Milpita.