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Seagate Buys LSI

May 29, 2014, 09:56 AM

http://www.legitreviews.com/seagate-buys-lsi-sandf...

CUPERTINO, Calif. & SAN JOSE, Calif. & SINGAPORE–(BUSINESS WIRE)– Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, and Avago Technologies Limited (NASDAQ: AVGO), a leading semiconductor device supplier to the enterprise storage, wired, wireless and industrial end markets, today announced that they have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI’s Accelerated Solutions Division (“ASD”) and Flash Components Division (“FCD”) from Avago for $450 million in cash.

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