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Samsung is not the majority shareholder of Seagate. Samsung owns almost 10% of Seagate which makes them the single largest holder of stock but definitely not t
by SystemOut 14y ago
Samsung is not the majority shareholder of Seagate. Samsung owns almost 10% of Seagate which makes them the single largest holder of stock but definitely not the majority.
This transaction also took place in 2011 when Seagate bought Samsung's HD unit and as part of the deal Samsung got a chunk of Seagate in return.
How would hurting Samsung hurt Seagate? It would only really matter if Seagate had a large stake in Samsung, would it not?
- kqr2 14y agoIn order to pay the billion dollar fine, Samsung could be forced to liquidate some of its assets, including its stake in Seagate. This in turn could cause the price of Seagate to drop.
- vidarh 14y agoThe billion dollar fine is two weeks of Samsungs last quarter operating profits. I very much doubt they're losing any sleep worrying about having to liquidate any assets.
- vacri 14y agoGrudges don't always follow rational courses of action.