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Western Digital

Western Digital To Buy SanDisk For $19 Billion

The storage giant, Western Digital just announced that it has agreed to acquire SanDisk Corp for approximately $19 billion to enable it to gain access to be the leading supplier of computer storage systems.

Check also:  Dell Has Acquired EMC for $67 billion

The company agreed to pay 15% premium closing price which is $86.50 per share for SanDisk, giving the company a market value of $15.4billion.

Western digital will now make more money!

The acquisition of SanDisk gives access to Western Digital to the growing market of NAND flash memory chips that stores data in mobile devices and they are commonly used in computer hard drives.

SanDisk invested so much in flash memory chips so its going to be a great deal for both companies to become the largest In storage computing industry.

When the deal is done, the current CEO of SanDisk, Sanjay Mehrotra will be joining Western Digital on a different role.

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