Japan's Fujitsu is in talks with Western Digital ( WDC) and others on the sale of its money-losing hard drive business, Reuters reports, in a deal one newspaper estimated could be worth $945 million.

Fujitsu, which competes in the hard-drive business with Seagate Technology ( STX), Western Digital and Hitachi ( HIT), aims to sell the business by year-end, Reuters reports, citing a source.

Fujitsu and Western Digital are negotiating a price of $662 million to $945 million, the Nikkei business daily reported.

In a statement Thursday, Fujitsu said there is no "factual basis for this media report."
This article was written by a staff member of TheStreet.com.