If you can't beat 'em, buy 'em.
Storage manufacturer Seagate announced today that it is seeking to purchase a controlling stake -- 64.5 percent -- in consumer rival LaCie.
If approved by regulators, Seagate would then make an all-cash offer for the French company's remaining outstanding shares. LaCie Chief Executive Philippe Spruch would lead Seagate's consumer storage products organization.
Cupertino, Calif.-based Seagate's interest is fairly straightforward, and the companies are complementary from the standpoint of sales channels and retailer relationships. (Although LaCie sells its wares across the globe, including in the U.S., its … Read more