Western Digital's $19 billion acquisition of SanDisk nearly complete

WD's huge $19 billion acquisition of SanDisk receives final regulatory approval.

@anthony256
Published Wed, May 11 2016 6:27 AM CDT   |   Updated Tue, Nov 3 2020 12:00 PM CST

Late last year, Western Digital announced its huge $19 billion acquisition of SanDisk, with the company receiving its final regulatory approval today. Once it's complete, WD will become even bigger in the storage industry.

Western Digital's $19 billion acquisition of SanDisk nearly complete | TweakTown.com

WD acquiring SanDisk will allow the company to have a strong position in the continuously growing NAND storage market, in a time where the demand for mechanical HDDs is falling. SanDisk is the third-largest producer of NAND flash in the world, behind industry giants like Toshiba and Samsung.

SanDisk's President and CEO, Sanjay Mehrotra, said: "We are pleased that the final regulatory approval has been received and we can now proceed with the planned combination with Western Digital. We thank our stakeholders for their support of this transaction and look forward to contributing to the success of Western Digital as it transforms into the leading storage solutions company".

NEWS SOURCE:techspot.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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