Samsung Electronics Co. is considering selling its money-losing hard-disk-drive business to raise cash to invest in new growth areas, according to a person familiar with the matter.
Samsung is looking to sell the unit for $1.5 billion, but it may consider a deal under $1 billion, the person said.
A potential buyer for the business is hard-disk maker Seagate Technology Inc., the person said.
Samsung to sell HDD business to Seagate?
Posted on Monday, Apr 18 2011 @ 21:59 CEST by Thomas De Maesschalck