Having filed for bankruptcy late last week, SSD pioneers OCZ have now agreed to sell off all of the company’s assets to one-time rivals Toshiba for $35 million. The deal will reportedly close within 60 days, and will see the company also absorbing OCZ’s employees on top of its intellectual properties.
To be more specific, the Toshiba deal will see the company acquiring OCZ’s “client and enterprise solid state drive business”, as well as the “proprietary controllers, firmware, and software, as well as the teams responsible for bringing those solutions to market.” Finally, the OCZ brand name will also be owned by Toshiba once the deal closes, though it is not yet known if Toshiba – who also sells consumer and enterprise SSDs – will continue to sell OCZ-branded SSDs.
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(Source: Ars Technica)
(Featured image: custompcreview.com)
