MiniScribe Assets Sold to Maxtor of San Jose

Maxtor Corp., manufacturer of computer disk drives said it has paid $46 million of the assets of MiniScribe Corp., which has been operating under Chapter 11 bankruptcy protection.

Maxtor, in its previously announced offer, pledged up to $30 million in working capital for MiniScribe, which will be called Maxtor Colorado Corp.

It said Maxtor Colorado will operate in Longmont, Colo.