Western Digital to Buy SanDisk for $19 Billion

Western Digital to Buy SanDisk for $19 Billion

 

It is official, Western Digital has agreed to acquire Sandisk for $19 Billion, combining two of the largest storage providers in the world. 

This agreement, which was announced earlier today, will see Western Digital pay a total of $86.50 per share, which is a around 15% higher than Sandisk’s share value which was reported to be $75.19 today.  

 

“This transformational 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,” 

“The combined company will be ideally positioned to capture the growth opportunities created by the rapidly evolving storage industry,”

 

A merger between these two companies opens up a lot of possibilities for both companies when moving into the future, given Western Digital’s reputation in the hard drive market and Sandisk’s memory/flash chip production. 

This acquisition will allow both companies to work together in order to bring about a whole range of new products in the future, from traditional HDD and NAND based storage to hybrid and other future storage mediums. 

 

You can join the discussion on Sandisk’s merger with Western Digital on the OC3D Forums.