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Fusion-io Takeover Talk Resurges With Seagate: Real M&A

Fusion-io Inc., a long-speculated takeover target, may be Seagate Technology Plc’s ticket to catching up with Western Digital Corp. in flash-memory technology.

Shares of Fusion-io rose 26 percent after Western Digital said this week it’s buying smaller competitor Virident Systems Inc. for $685 million. Fusion-io, which counts Apple Inc. and Facebook Inc. as its top customers, would give Seagate a stronger position in flash memory, a preferred technology for cloud computing because it provides faster access to data.