Seagate Buyout Falls Apart in Favor of Buyback Plan

A potential $9 billion buyout of Seagate Technology fell apart Monday, and the hard disk maker will instead move ahead with a share buyback plan, Reuters reported. Seagate had been the target of private equity firm TPG Capital, Reuters said. The firm, however, backed away after it was unable to sign on another private equity firm to partner in the deal.

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