EU allows Sandisk takeover
 

Western Digital’s takeover of Sandisk has been given the thumbs up by the European Union.

Despite fears that the Western Digital buyout might make it a little too powerful, the European Commission concluded that the takeover would not harm competition in the data storage market in Europe.

In October, Western Digital agreed to buy Sandisk in a $19 billion deal that will increase its ability to make flash memory storage chips used in smartphones and tablets.

The deal was announced in October. that Western Digital had announced plans buy chip maker Sandisk for around $19 billion. Flash specialist Sandisk is ranked by IDC as the largest manufacturer of NAND flash memory chips. The market for NAND flash chips was worth $28.9 billion in 2014, according to IDC.

http://www.techeye.net/business/eu-a...ndisk-takeover