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IBM Completes Disk Drive SaleIBM Completes Disk Drive Sale
The sale to Hitachi, valued at $2.05 billion, is a done deal.
1 Min Read
In a filing today with the Securities and Exchange Commission, IBM said it has completed the previously announced sale of its disk drive manufacturing operations to Hitachi Ltd. for $2.05 billion.
Hitachi paid IBM 70% of the purchase price today and will pay the remainder over the next three years. Hitachi will operate the business under a new subsidiary called Hitachi Global Storage Technologies.
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