Western Digital buys SanDisk for $19 billion
by from Techreport on (#R5YH)
Looks like the rumor mill was right. Western Digital is buying SanDisk for $19 billion, or $86.50 per share, according to a joint announcement by the companies this morning. WD says that the takeover will give it "deep expertise in non-volatile memory" and allow it to play in "higher-growth segments"-code for SSDs, we're guessing.
SanDisk's joint venture with Toshiba will be carried on as part of the deal. WD says continuing the partnership gives it access to a ...