Flash memory news flash: Western Digital buys SanDisk for $16B
Western Digital has announced the completion of a $16 billion deal that will see the company acquire SanDisk. The move will help Western Digital maintain its position in the marketplace as solid state drives replace hard disks as the most popular form of storage. “Today is a significant day in the history of Western Digital,” said the company’s CEO, Steve Milligan, in a press release distributed this morning. He went on to praise the “transformational combination” of the two companies, and also referenced the “significant cash flow” he expects the deal to bring about.