Monday, June 16, 2014

SanDisk Acquires Fusion-io In $1.1 Billion Deal

Milpitas-based flash storage maker SanDisk announced this morning that it is acquiring flash storage developer Fusion-io, in a deal worth $1.1 billion. According to SanDisk, it will use the buy to bolster growth in the enterprise area for the company. SanDisk was advised by Goldman, Scahs & Co., and Skadden, Arps, Slate, Meagher & Flom LLP; Fusion-io was advised by Qatalyst Partners and Wilson Sonsini Goodrich & Rosati.