Wednesday, October 21, 2015

SanDisk Acquired By Western Digital For $19 Billion

Milpitas-based memory maker SanDisk and disk drive and storage giant Western Digital announced this morning that WD has agreed to acquire SanDisk for $19 billion. The two said tat WD will pay $86.50 per share in cash and stock for SanDisk, to help bolster WD's access to NAND flash, which is now becoming a major part of the data storage industry. WD said it will pay $85.10 per share in cash and 0.0176 shares of its common stock for every share of SanDisk common stock in the deal.