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- Tuesday, April 19, 2011, 7:25 AM Samsung Electronics (SSNLF.PK) will sell its unprofitable hard-disk drive business to Seagate Technology (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 (WDC). STX +2.3% premarket. (PR)
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