Western Digital acquires SanDisk for 19 billion

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POSTER: computer news   ||   WESTERN DIGITAL ACQUIRES SANDISK FOR 19 BILLION	DATE:2015-10-22
Just yesterday we wrote that, perhaps, Western Digital will be the acquirer of SanDisk company .  The rumors were true: a couple of hours ago, WD has published on its website the official press release, the notification about buying SanDisk for $ 19 billion. The operation is performed in the form of acquisition of  SanDisk shares for $ 85.5 each,  the scheme of the transaction is $ 85.1 per share .  And to finance the deal WD will have to raise money  to  $ 18.4 billion. Steve Milligan will remain CEO of WD, and will lead the combined company, and the headquarters of the WD will remain in Irvine, California.  The current president, Sanjay Mehrotra SanDisk (Sanjay Mehrotra) after the acquisition will be part of WD directors board    . The main purpose of WD transaction   is the desire to get to the production of flash memory  SanDisk company, on a par with Intel / Micron (IMFT), SK Hynix, Samsung and Toshiba, one of the largest producers thereof, and at the end of 2014 took 20% of SSDs market .  Along the way, SanDisk has experience in the relevant microcontroller and fifteen-year partnership with Toshiba.     In general, in the near future we expect to see retail SanDisk SSD-stores under the trademark WD. Related Products :

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