Samsung Electronics Co may be looking to sell its hard-disk-drive business for $1.5 billion and Seagate Technology is one potential buyer, the Wall Street Journal reported on Sunday. The newspaper, citing a person familiar with the situation, reported that Samsung would use proceeds from the sale to invest in new, higher growth areas. While it would likely seek $1.5 billion, it might consider selling the money-losing division for $1 billion, according to the report. Samsung had no immediate comment and Seagate declined to comment on the report. South Korea's Samsung is the world's top maker of memory chips and flat screens, but it has struggled in the hard-disk-drive (HDD) business, where it is one of the smallest players in the market.
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