SanDisk Acquired Western Digital With Worth $ 20 Million Dollars
One manufacturer of memory cards for electronic devices, SanDisk, has now been bought by a company engaged in the field of computer storage devices, Western Digital.
Quoted by USA Today, this agreement applies to the value of its shares at $ 86.50, which is 15% of the price prior to closing on the capital markets. In this way, the two companies in the field of data storage for electronic devices will compete with other such Integration Hitachi, Samsung, and Seagate.
SanDisk itself is a company that was originally called Sundisk. 7 years later changed its name to SanDisk and its products are popular among users of electronic devices such as smartphones and digital cameras.
While Western Digital itself is a company that has more than 40 years involved in the field of storage devices for computers and has released many products, such as hard disks for computers and laptops.
For his own position, Steve Milligan will remain as CEO of Western Digital. While CEO of SanDisk, Sanjay Mehrotra is also expected to be joined with Western Digital in step together.
CEO of Western Digital, Milligan said that with the merger of two major companies in the field of data storage, can generate opportunities in the development of storage technology is increasingly rapidly. Not only that, a combination of the two companies allows Western Digital to target the mobile market which is now growing rapidly.
