[Reuters] Samsung to sell HDD unit to Seagate for $1.4 billion

Posted by: UGN Security

[Reuters] Samsung to sell HDD unit to Seagate for $1.4 billion - 04/19/11 04:56 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.