Estern Digital purchase SanDisk to control the memory market.
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| Estern Digital purchase SanDisk to control the memory market. |
The storage company Western Digital announced Thursday an agreement to buy the maker SanDisk flash memory devices by 19,000 million (16,700 million), a major technological operations in history. The new conglomerate will control much of the market for storage devices and memory sticks.
According to the financial terms of the transaction, will be done with a combination of cash and shares, Western Digital will pay $ 86.50 for each share of SanDisk, which represents a premium of 8.6% over the closing of its share price. "This transformative purchase aligns with our long-term strategy to be a leading innovator in the storage industry," he said in announcing the deal Western Digital CEO, Steve Milligan.
The transaction must still be approved by the shareholders of SanDisk and receive regulatory approval, as the company said in a statement, in which he confided to close the deal in the first half of next year. Western Digital closed fiscal 2015 with a net profit of 1,465 million, 9.4% less than the previous year, while turnover remained largely unchanged at 15.181 million dollars.
After the deal was announced, Western Digital shares were down 4.1% and depreciated by 35% since January, while SanDisk shares rose 2.79% and have called for a 21.14% of its value since the year began.
The most expensive technology purchases
1. Dell buy EMC (59,000 million euros in 2015)
2. HP buy Compaq (21,000 million euros in 2001)
3. Western Digital purchase SanDisk (16,900 million euros in 2015)
4. Facebook buys WhatsApp (14,000 million euros in 2014)
5. Google buys Motorola (10,000 million euros in 2012)
6. Microsoft buying Nokia (6,300 million euros)
7. Microsoft buys Skype (5,920 million euros in 2011)
8. Oracle buy Sun (5.700 million euros in 2009)
9. Google buys Nest (2,900 million euros in 2014)
10. Google buys DoubleClick (2,700 million euros)
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