[Reuters] Samsung to sell HDD unit to Seagate for $1.4 billion
- 04/19/11 08:56 AM
SEOUL (Reuters) - Samsung Electronics Co said on Tuesday it had agreed to sell its hard-disk-drive (HDD) business to Seagate Technology for $1.4 billion in cash and stock, as it plans to focus on its bread-and-butter memory-chip business.