Western Digital experiences a setback in its SanDisk acquisition
 

In the last few months, Western Digital has made moves to become a player in the SSD market. It acquired Skyera, a solid-state storage systems developer, before launching a $19 billion takeover of SanDisk. Today, despite some disappointing financial news, Western Digital affirmed its continued interest in acquiring SanDisk. Western Digital still expects that transaction to close sometime in the second quarter of 2016.

The disappointing news for Western Digital is that a proposed $3.775 billion equity investment from Unis Union has fallen through. After the Committee on Foreign Investment in the United States announced that it would investigate the investment, Unis bowed out. That exit has triggered a new offer for SanDisk, ...

http://techreport.com/news/29756/wes...sk-acquisition