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$90 Million Solyndra sale OK'd

$90M Solyndra sale OK'd

Seagate's purchase of solar factory approved by bankruptcy court

Business + Technology | WWW.MERCURYNEWS.COM >>>
By George Avalos
gavolos@bayareanewsgroup.com

(FREMONT CA.) - The sale of Solyndra's cacernous solar panel factory for $90.2 million to Seagate Technology was approved Thursday by a U.S. Bakruptcy Court.

"The primary use of the building will be to replace our current media R&D facility in Fremont," Seagate spokesman Brian Ziel said in an email to this newspaper. "It's a little too early to discuss exact plans in terms of expansion or hiring. We have about 500 employees in our current Fremont facility."

Read more: http://www.mercurynews.com/real-estate/ci_22003011/sale-soly...

Contact George Avolos @ 925-977-8477. Follow him at Twitter.com/george_avalos