Friday, November 27, 2015

Western Digital to buy SanDisk for 19 billion US dollar

Storage hardware maker Western Digital (WDC) is buying flash memory giant SanDisk (SNDK) for $19 billion.
  • SanDisk stockholders will get $85.10 in cash and 0.0176 shares of WDC for each share of SNDK.
  • Western Digital and SanDisk’s complementary product lines, including hard disk drives, solid-state drives, cloud datacenter storage solutions and flash storage solutions, will provide the foundation for a broader set of products and technologies from consumer to datacenter.

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