Samsung Electronics (OTC:SSNLF) will sell its unprofitable hard-disk drive business to Seagate...

Samsung Electronics (OTC:SSNLF) will sell its unprofitable hard-disk drive business to Seagate Technology (NASDAQ:STX) for $1.38B in cash and stock. For Seagate, a longtime leader in the disk drive business, the move would cap a consolidation wave and counter the recent rise of rival Western Digital (NYSE:WDC). STX +2.3% premarket. (PR)