After rumors surfaced on Tuesday that Western Digital had plans to acquire SanDisk, both companies confirmed the news on Wednesday, reporting that Western Digital will acquire SanDisk for around $19 billion in cash and stock. The move will help secure Western Digital’s future as the PC industry shifts away from mechanical disks and towards faster flash-based storage solutions.
“With this transaction, Western Digital will double its addressable market and expand its participation in higher-growth …read more
