Samsung May Sell Hard-Disk Drive Unit

Samsung Electronics Co. is considering selling its money-losing hard-disk drive business to raise funds for investment in new growth areas, a person familiar with the situation said Sunday.

Samsung is looking to sell the business for $1.5 billion but might consider a deal under $1 billion because it “is trying to get rid of” the business, the person said.

The most likely buyer for the business is Seagate Technology Inc., the U.S.-based computer hard-disk maker, the person said.

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