American computer data storage company Western Digital is buying one of the world’s most appreciated flash memory manufacturers, SanDisk, for $86.50 per share, which adds up to $19 billion. As you probably know by now, Western Digital specializes in manufacturing hard drives and SSDs that are designed to be installed in laptops, PCs and servers, but it also retails external drives, most of which are highly appreciated for their reliability. SanDisk is currently the world’s third largest manufacturer of flash memory, and it made a name for itself by creating USB drives and memory cards. It makes sense for Western Digital to focus its gaze on a company such as SanDisk, especially since SanDisk has been affiliated with Toshiba for quite some time now, which is one of WD’s main rivals.
However, reports say that SanDisk’s collaboration with Toshiba will not be dissolved as a result of the purchase. Even though Western Digital hopes that the deal will go through by next year’s third quarter, there are a lot of things that need to be cleared up first. This is to be expected as we’re talking about a multiple billion-dollar purchase, as multiple parties and partners need to sign off on the deal.
What do you think about Western Digital’s recent move?