Western Digital Acquires SanDisk for $19 Billion
We all know that Western Digital is one of the ring leaders in the consumer storage industry, and buying out SanDisk has now made them a competitor in the solid state drive market. SSDs are used in everyday technology such as laptops, smartphones, and cloud computing. If you are a creative professional, you most likely own or have owned a WD hard drive. Today, they have announced that they will be acquiring all of the outstanding shares of SanDisk for a combination of cash and stock. Yesterday, SanDisk shares went as high as $78.48 but were well below the offer price of $86.50 in cash and stock.