Back in October of last year Western Digital announced their plans to acquire SanDisk and now it has been confirmed that the two are in the final steps of joining forces, with SanDisk announcing that they have received the final approval needed to complete the merger.
“We are pleased that the final regulatory approval has been received and we can now proceed with the planned combination with Western Digital,” said Sanjay Mehrotra, president and chief executive officer, SanDisk. “We thank our stakeholders for their support of this transaction and look forward to contributing to the success of Western Digital as it transforms into the leading storage solutions company.”
The deal is worth a total of $19 billion, today it was approved by China’s Ministry of Commerce, allowing the purchase to compete on May 12th.
As of yet, we don’t yet know what will happen after the merger has been completed, and what will happen to their products, however, we do know that SanDisk will be operating as a wholly-owned subsidiary of Western Digital, which should mean that there will be very minimal change to the company’s day-to-day operation.
That all said it should be exciting to see what they come up with after this.
Source: Business Wire