Tuesday, May 10, 2016
Western Digital Gets Final Approval On $19B SanDisk Acquisition
Irvine-based Western Digital says it has received the final approval needed for its acquisition of memory maker SanDisk, from China's Ministry of Commerce, and now expects the transaction to close on Thursday. The deal is worth approximately $19 billion, and was originally announced in October of 2015. Western Digital, which is led by Steve Milligan, is a major developer of disk drive and storage products; with the move of the industry towards solid state storage, the combination with SanDisk gives the company significant assets in the flash memory area.