Dec 22, 2011 | Recent Deals | Silicon Valley
Paul Hastings, a leading global law firm, announced today that the firm represented Samsung Electronics Co. Ltd, a world leader in digital consumer electronics and information technology, in the sale of its hard disk drive (HDD) operations to Seagate Technology plc (NASDAQ: STX), the world leader in hard disk drives and storage solutions. The transaction closed on December 19.
The combined value of the transactions and agreements is approximately US$1.4 billion. The deal was announced in April of 2011.
The Paul Hastings global M&A team was led by partners Matthew Bergerand Daniel Kim and the global Antitrust and Competition team was led by partners Scott Hataway, Michael Cohen and Pierre Kirch.
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