Western Digital To Buy SanDisk For $19 Billion

 

Western Digital just bought a bunch of memory cards. The storage giant just announced that it has agreed to buy SanDisk Corp for about $19 billion. This comes after speculation that SanDisk was shopping for a buyer.

The deal values SanDisk at $86.50 a share, which is a 15% premium on the previous day’s closing price, giving the company a value of $15.4 billion. SanDisk is currently up 4.78% in pre-market trading.

This deal brings together two of the largest storage companies.

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Danny Straus 7 years ago Member's comment

Nice article, thanks for sharing.

Bill Bonner 7 years ago Contributor's comment

Does this delete button work?

Boaz Berkowitz 7 years ago Contributor's comment

It doesn't seem to be working for super users, no. Other are ok.

BreakingbadMarketNews 7 years ago Member's comment

Not a fan of Western Digital $WDC. But $SNDK is good in my book.

Bruce Powers 7 years ago Member's comment

@[BreakingbadMarketNews](user:4870) I think it's the opposite.

Dave Pearson 7 years ago Member's comment

Nice post.

Fred Ruffy 7 years ago Contributor's comment

I agree.