Seagate Said to Have Had Talks With TPG, Silver Lake

Seagate Technology Plc, the world’s largest maker of hard-disk drives, held talks with previous owners TPG Capital and Silver Lake about going private again, according to people with knowledge of the discussions.

Talks ended in recent weeks, and a deal, which would have been valued at about $7 billion, is unlikely to happen, said the people, who declined to be identified because the discussions were private. Representatives of TPG, Silver Lake and Dublin- based Seagate declined to comment.