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Western Digital to Buy SanDisk in $19 Bln Deal

Cyberghost

Federal Agent Area 51
Staff member
102550362-154278963.530x298.jpg

(Reuters) - Hard disk drive maker Western Digital Corp said it would buy memory chip maker SanDisk Corp for about $19 billion, the latest in a wave of consolidation in the chip-making industry.

The cash-and-stock offer values SanDisk at $86.50 per share, or a total equity value of about $19 billion, using a five-day volume weighted average price ending on Oct. 20 of $79.60 per share of Western Digital stock.

SanDisk's shares rose 6.4 percent to $80 in pre-market trading. Western Digital's shares were down 1.1 percent at $74.

Demand for cheaper chips and new products to power Internet-connected gadgets, as well as a push from technology companies to consolidate suppliers, has led to record levels of dealmaking in the semiconductor sector this year.

The value of the SanDisk acquisition will depend on the closing and approval of an investment from a unit of China's state-backed Tsinghua Holdings Co Ltd [TSHUAA.UL], Unisplendour Corp Ltd in Western Digital, the companies said on Wednesday.

The deal is expected to close in the third calendar quarter of 2016.

(Reporting by Abhirup Roy and Devika Krishna Kumar in Bengaluru; Editing by Don Sebastian and Anil D'Silva)

Source: NYTimes
 

kg11sgbg

Indian Railways - The Vibrant and Moving INDIA
But,first of all let the prices of SSD HDD comes down considerably.
 

Vyom

The Power of x480
Staff member
Admin
$19 billion? Why does it sounds familiar?
So one of the leader in memory storage devices, Sandisk is worth an instant messaging app, WhatsApp.

Wow.
 

Vyom

The Power of x480
Staff member
Admin
"Bas ass company" is seen in positive light. Equivalent to "uber cool" company. So what did you mean exactly?
 

kg11sgbg

Indian Railways - The Vibrant and Moving INDIA
Comma is everything. :lol:

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Well, just waiting for SSD's cheaper.

Seems that will take some time say a couple of years more to come down to our acquiring budget(except for those who has the ability to buy now at once).
 

icebags

Technomancer
and eventually the quality of pen drives will degrade ..... :-(

it was rare to see a sandisk card/ pendrive gone bad.
 
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