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Western Digital to buy SanDisk for USD 19 billion
2015-10-21 14:54:00| Telecompaper Headlines
(Telecompaper) Western Digital is expanding in the storage market with the acquisition of memory card maker SanDisk for USD 19 billion. The company agreed to buy SanDisk for USD 86.50 per share in a combination of cash and WD shares. Western Digital said the takeover will double its addressable market and expand its position in higher-growth segments. The combination also enables Western Digital to vertically integrate into NAND, giving it long-term access to solid state technology at lower cost. The company said it would maintain SanDisk's manufacturing joint venture with Toshiba after the takeover. The company expects to achieve annual synergies of USD 500 million from integrating SanDisk, within 18 months of closing the takeover, and the deal should add to EPS, excluding one-time costs, within 12 months. To help finance the acquisition, Western Digital is suspending its share buyback program and has agreed USD 18.4 billion in fresh debt. SanDisk's board supports the takeover, while its shareholders will have the final say. Pending shareholder and regulatory approval, the takeover is expected to close in Q3 2016.
Western Digital My Passport Ultra (2TB)
2015-10-20 07:02:41| PC Magazine: New Product Reviews
The 2TB Western Digital My Passport Ultra adds color options, 256-bit hardware encryption, and a longer-than-average warranty to a solid portable hard drive.
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western
ultra
passport
Western Digital My Passport Ultra (2TB)
2015-10-19 20:02:11| PC Magazine: New Product Reviews
The 2TB Western Digital My Passport Ultra adds color options, 256-bit hardware encryption, and a longer-than-average warranty to a solid portable hard drive.
Tags: digital
western
ultra
passport
Micron, Western Digital interested in SanDisk: report
2015-10-14 01:34:49| Electronics - Topix.net
Micron Technology Inc. are in talks with SanDisk about a possible acquisition, said Bloomberg, citing anonymous sources . No decision has been made, the sources told Bloomberg.
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interested
western
Deal set to link Western Digital to China firms
2015-10-01 15:42:05| Semiconductors - Topix.net
A Western Digital Corporation hard drive. A billion-dollar Chinese plan to invest in Western Digital is designed to plug the US data storage firm into a network of influential China tech players carefully constructed by Tsinghua University, the alma mater of President Xi Jinping.
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