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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Western Digital to buy SanDisk for $19bn

Western Digital to buy SanDisk for $19bn

Oct. 22, 2015

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.

For the full news item on ZDNet click here.

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