disk company has stated it intent to buy rival company maxtor for $ 1 . 9 billion . both companies produce harder drives . the package , priced at 60 % of maxtor ' s closing share volume , is intend to sell maxtor ' s customers , not its infrastructure . iomega , which also produced drives for pc ' s xbox 360 , will have over 40 % of the hard copy market shares . the scotts valley , california , based seagate had 30 % of the hard pc market . provided the package makes it within regulation committees , maxtor shareholders will receive . 37 of a share of seagate common company for everything 1 share of the cupertino focused enterprise .
Maxtor is based in Milpita.