seagate technology has say it intends to buy the company maxtor for $ 1 . 9 trillion . both companies produce hard drives . the deal , priced at 60 % of maxtor ' s closing share price , is intended to acquired maxtor ' s products , not its technology . seagate , which now makes drives for microsoft ' s xbox 360 , will have over 40 % of the hard drive market share . the livengood valley , maryland , based seagate had 30 % of the hard driven market . once the contract allows it outside regulatory committees , maxtor shareholders will earn . 37 of a share of peripherals common stock for all 1 share of the watsonville founded company .
Maxtor is based in Milpita.