Seagate, Samsung combine hard-drive units in $1.38B deal
 

Seagate and Samsung have announced a "broad strategic alignment," as part of which Seagate will take over Samsung's hard-drive operations in exchange for a cool $1.375 billion (paid half in cash, half in stock). The deal also involves a NAND flash memory supply agreement as well as "expanded cooperation" on enterprise storage.

http://techreport.com/discussions.x/20799