It’s probably a smart move for Western Digital, which has similarly been facing the inevitable decline of its hard drive business.
The company has reportedly been shopping for a buyer - its growth has lagged expectations in recent years. That’s a 15% premium over SanDisk’s current stock price. First up, the company has announced it intends to purchase SanDisk, a major manufacturer of NAND flash and memory cards, for roughly $19 billion dollars. There’s two major pieces of news out about Western Digital, the hard drive manufacturer and storage giant.
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