Western Digital to buy SanDisk for $19bn

  • 21 October 2015
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Userlevel 7
Well, this should be interesting...but to be honest I am surprised it has not happened in the industry before:
 
 
http://zdnet3.cbsistatic.com/hub/i/r/2015/10/21/3c96f288-d5ec-42fa-9395-0c36a0fefeb8/resize/770x578/b112011f742f4de7030c3e5bfd7e0186/sandisk-westdigital1.png"Western Digital is to buy fellow storage supplier SanDisk for around $19bn.
 
The deal marks the largest consolidation in the storage market to date.
Western Digital said the deal will double its addressable market and expand its position in higher-growth segments, in particular non-volatile memory where SanDisk has a 27-year history. Western Digital said the deal will also allow it to vertically integrate into NAND "securing long-term access to solid state technology at lower cost".
"This transformational 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," said Western Digital CEO Steve Milligan."
 
 
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