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Seagate To Buy Samsung’s Hard-Disk Unit For $1.4B

Tuesday, April 19, 2011 | More »

Seagate Technology is to buy Samsung Electronics Co’s loss-making hard disk drive (HDD) business for $1.4 billion as it looks to combat rival Western Digital Corp and arrest price wars that have damaged the industry. The deal comes a month after Western Digital sought to buy Hitachi Ltd’...