Western Digital to buy SanDisk for $19bnOct. 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.
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