WSJ reports Samsung is considering to sell its loss-making HDD business and notes Seagate may be a potential buyer.
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.
