STX - Mergers and acquisitions

Wasabi Technologies, the hot cloud storage company, today announced it has acquired the Lyve Cloud business from Seagate Technology (NASDAQ:STX), a leading innovator of mass-capacity data storage. Under the terms of the agreement, Seagate received equity in Wasabi and became a shareholder of the company. Additional financial terms were not disclosed. "This acquisition strengthens our position as the world's leading pure-play cloud storage vendor," said David Friend, co-founder and CEO of Wasabi Technologies. "Seagate has built a loyal enterprise customer base for Lyve Cloud storage, and we welcome those customers to Wasabi. We are focused on supporting their growth with our global network

Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), a leading innovator of mass-capacity data storage, announced today that it has completed the acquisition of Intevac, Inc. (NASDAQ:IVAC) ("Intevac"), a supplier of thin-film processing systems. Completion of Tender Offer and Merger The previously announced cash tender offer for all of the outstanding shares of common stock of Intevac for $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding taxes, by Irvine Acquisition Holdings, Inc. ("Merger Sub"), an indirect wholly owned subsidiary of Seagate, expired one minute after 11:59 p.m., Eastern Time, on March 28, 2025. Comp

ROVE, a Veteran-owned systems integrator that services Enterprise, Commercial & Public Sector clients across the Southeast Region, today announced a collaboration with Seagate® Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, providing Lyve™ Mobile and Lyve™ Cloud to solve mass data storage complexities and drive value for distributed enterprises. ROVE partners with clients to deliver impactful technology solutions and provides modernized business infrastructure to drive efficiencies across the enterprise. The latest strategic relationship from ROVE with Seagate simplifies how mass data is captured, aggregated, transported, and managed. By