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Western Digital set to acquire SanDisk for $19 billion

Western Digital paving the way to acquire SanDisk in a deal worth $19 billion
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Oct 21, 2015 12:24 pm

Western Digital has announced it is acquiring flash memory manufacturer SanDisk in a deal worth $19 billion. Western Digital currently makes HDDs and SSDs for various PCs, laptops, and servers - but this new deal will give them better fighting power against its competition.

 

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Both companies are run from California, with SanDisk being a long-time partner of one of WD's main rivals; Toshiba. This deal struck between WD and SanDisk will reportedly not affect the deal between SanDisk and Toshiba. There needs to be some regulatory sign-offs on the deal, but expect a full announcement sometime next year.

NEWS SOURCES:Engadget.com

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