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. Samsung would use proceeds from the sale to invest in new, higher growth areas, the newspaper reported citing a person familiar with the situation. While it would likely seek $1.5 billion, it might consider selling the money-losing division for $1 billion, according to the report. "We are reviewing various business opportunities but we don't comment on market speculation," a Samsung spokesman in Seoul said. Seagate declined to comment on the report.
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