Western Digital announced their acquisition of SanDisk
SanDisk is one of the biggest flash memory companies you can find. Many people use SanDisk for their reliable products and fast data transfer speeds, I even have a SanDisk USB OTG pen drive, but their latest news has to do with another company: Western Digital.
Western Digital has just bought SanDisk for a staggering sum of $19 Billion. This is after it has struggled to make as much revenue as in previous years. Even despite a $3.8 Billion investment for 25% of their shares wasn’t enough for Western Digital, a laptop hard drive producer, who are trying to broaden their horizons.
SanDisk had been in talks with many companies over a takeover, but as rising costs and falling sale prices start to plague the industry, they decided to act fast. After both companies reported a revenue decrease of over 10%. We hope to see both companies survive in the long run.
Via: | Financial Times | Source: | Western Digital |
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