Chinese firm to aquire Seagate – or not…

The paper had reported that Watkins did not identify the Chinese company, but that the possible acquisition had set off alarm bells at some government agencies. Seagate, based in Scotts Valley, Calif., has recently begun selling drives with hardware encryption abilities. “The U.S. government is freaking out,” Watkins was quoted as saying by the newspaper, and added that Seagate was not for sale, but that if a high enough premium were offered to shareholders it would be difficult to stop.