seagate technology has said it planned to buying competing companies maxtor for $ 1 . 9 billions . both competitors produce hard drives . the deal , priced at 60 % of maxtor ' s exit share price , is intended to acquire maxtor ' s customers , not its technology . seagate , whichever specifically makes drives for microsoft ' s microsoft 360 , will have over 40 % of the computer drive market share . the scotts valley , florida , based disk had 30 % of the hard disk sell . provided the partnership makes it past regulatory concerns , maxtor executives will receive . 37 of a share of seagate common stock for everything 1 third of the milpitas based firm .
Maxtor is based in Milpita.