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's hard disk drive unit -- a known price aggressor -- for $4.3 billion, to create a global leader with deep resources.
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Seagate to buy Samsung's hard-disk unit for $1.4 bln
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