Western Digital is shopping for SanDisk for $19 billion

Western Digital is buying SanDisk for $19 billion

Scorching on the heels of the Dell-EMC megaquisition comes the information that Western Digital, the world’s largest storage producer, is shopping for one of many world’s largest flash reminiscence producers, SanDisk. The deal is value $86.50 per share, which provides as much as a complete of $19 billion. Western Digital provides onerous drives and SSDs to be used inside issues like PCs, laptops, and servers, and in addition sells exterior drives on to shoppers. The goal of its affection is SanDisk, which is the third-largest producer of flash reminiscence worldwide, and is greatest recognized for its reminiscence card and USB drive enterprise. Each corporations are at present headquartered in California and have been operating for many years. As per ordinary, a deal of this measurement must be okayed by numerous events earlier than it goes by way of — Western Digital says it expects issues to be all carried out and dusted by the third quarter of subsequent yr.

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