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Western Digital will pay $19 billion to acquire SanDisk
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About a week ago reports began circulating that SanDisk is looking to be bought out, with Micron Technology and Western Digital both showing interest.
Several hours ago it was officially announced the latter was successful in sealing the deal and the leading hard drive manufacturer will pay $19 billion in cash and stock to buy the leading flash storage solutions company.
With WD’s hard disk drives and SanDisk’s solid state drives and other flash storage products, the combined company will offer a broad range of products from the consumer level to datacenters.
The board of directors of both companies have approved the deal and it should go through in the third quarter of 2016, pending the approval of SanDisk’s shareholders.
How will this move affect consumers?
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