Samsung to sell hdd unit for $1.5billion?
Samsung Electronics could be selling its hard disk drive (hdd) business for $1.5billion, according to a report by The Wall Street Journal
The publication reports that hard drives and storage specialist, Seagate Technology is one potential buyer.
While the South Korean company is the world's top manufacturer of memory chips and flat screens, it has struggled in the hdd market. If Seagate bought the business, it would enable it to better compete with Western Digital, which itself plans to buy Hitachi's hdd unit for $4.3bn. For Samsung, the deal would enable it to invest in new business areas such as healthcare and green energy.
The Wall Street Journal reports that, in order to ensure a sale, Samsung may consider reducing the cost to $1billion.
