Western Digital given green light to acquire SanDisk


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The European Commission has given the go-ahead for Western Digital to acquire former rival SanDisk, following the announcement of the deal back in October last year.

 

Western Digital

agreed to pay $19 billion

 

for SanDisk back in October, agreeing to an interesting stock-cash split which varied depending on the company's incoming investment deal with China's Unisplendour Coporation completing ahead of time. At the time, Western Digital's chief executive Steve Milligan stated that the 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

' and confirmed that the company would honour SanDisk's joint venture project with Toshiba.

 

 

 

 

 

http://www.bit-tech.net/news/hardware/2016/02/05/wd-to-acquire-sandisk/1

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