Seagate: Why it makes sense to go private now
A deal to take the company private once again would demonstrate some good timing given the future of the hard drive market.
Seagate is pondering a move to go private again and the timing makes a lot of sense given the hard drive market could face a wrenching change amid the popularity of tablets.
In a short statement, Seagate confirmed reports that it may go private. The company said "it has received a preliminary indication of interest regarding a going private transaction." Bloomberg reported that TPG and KKR were the parties interested in buying out Seagate.
In 2000, Seagate went private right before the tech bust in a complicated deal valued at $20 billion. Going private allowed Seagate to ride out the storm out of public view.
Read more of "Seagate: Why it makes sense to go private now" at ZDNet's Between the Lines.