BY JUNG AH-LEE
SEOUL—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.
A spokesman for the Scotts Valley, Calif.-based company declined to comment.
Samsung Electronics, the world's biggest maker of memory chips ...
Most Recommended
“Hopefully, more than enough...;”
“William - right on every point....;”
“The president hid from the...;”
“I have never heard a more...;”
“This speech started out with...;”