Paul Hastings Represents Samsung Electronics in US$1.4 Billion Sale of Hard Disk Drive Operations to Seagate Technology

December 22, 2011

Hong Kong

/Palo Alto CA (December 22, 2011) - 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 Berger and Daniel Kim and the global Antitrust and Competition team was led by partners Scott Hataway, Michael Cohen and Pierre Kirch.

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.