Western Digital Corporation on 21 October 2015 announced that it entered into a definitive agreement with SanDisk Corporation to buy it for 19 billion US dollar. Both the Multi National Corporations (MNCs) are based in the USA.
The acquisition is expected to pave the way for utilization of complementary product lines of both the companies and will provide the foundation for a broader set of products and technologies from consumer to datacenter.
While Western Digital is an industry-leading developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content, SanDisk is a Fortune 500 and company and is a global leader in flash storage solutions.
SanDisk was co-founded by Indian-origin entrepreneur Sanjay Mehrotra in 1988 and has market capitalization worth 13.3 billion US dollars as of June 2015.
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