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Western Digital to Buy SanDisk for $19 Billion
Posted: Mon Oct 26, 2015 4:04 pm
by Losbot
Western Digital has agreed to purchase Sandisk for $19 billion in cash and stock, a deal which values Sandisk at $86.50 per share and represents a 12% premium over yesterday's closing price. Current Western Digital CEO Steve Milligan will remain in charge of the company, which retains its headquarters in Irvine, California, while SanDisk's CEO Sanjay Mehrotra is expected to remain with Western Digital and join their board of directors.
http://www.pcper.com/news/Storage/Weste ... 19-Billion
Posted: Mon Oct 26, 2015 6:27 pm
by renovation
I think its a good fit for both companys.
Posted: Mon Oct 26, 2015 8:56 pm
by Err
This is a good fit as WD really hasn't broken into the SSD market.
Posted: Fri Oct 30, 2015 7:28 pm
by ZYFER
Meh and Sandisk is kind of junk these days anyways. Perhaps their products will improve.
Posted: Wed Feb 10, 2016 7:31 pm
by renovation
The European Commission has given the go-ahead for Western Digital to acquire former rival SanDisk, following the announcement of the deal back in October last year.
Western Digital agreed to pay $19 billion for SanDisk back in October, agreeing to an interesting stock-cash split which varied depending on the company's incoming investment deal with China's Unisplendour Coporation completing ahead of time. At the time, Western Digital's chief executive Steve Milligan stated that the acquisition 'aligns with our long-term strategy to be an innovative leader in the storage industry by providing compelling, high-quality products with leading technology' and confirmed that the company would honour SanDisk's joint venture project with Toshiba.
http://www.bit-tech.net/news/hardware/2 ... -sandisk/1