LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Seagate looking to acquire solid-state drive makers:CFO
(Reuters) - Hard disk drive marker Seagate Technology plc (STX.O) is looking to acquire smaller rivals to boost its presence in the solid-state drive (SSD) business, a top executive told Reuters.
Chief financial officer Pat O'Malley said the company would be interested in buying an SSD maker that has a "significant" share of the enterprise market.
"We look at all technology product providers (for M&A) but what I would say is that on the enterprise SSDs, there's probably only one of them that really makes any significant money," he said in response to a question about Seagate's interest in OCZ Technology (OCZ.O).
O'Malley denied to specifically comment on speculation about any talks with OCZ.
Earlier this month, OCZ shares jumped on reports that Seagate is nearing a deal to buy the SSD maker. It's shares have gained almost 40 percent in value since then.
"We don't do any comments on official policy on M&A until it's done," he said.
Seagate and rival Western Digital Corp (WDC.O) dominate the market for hard disk drives (HDD) used in computers, but were late in adopting SSDs — a faster but expensive technology.
(Additional reporting by Zeba Siddiqui; Editing by Eric Meijer)
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