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SanDisk to be acquired by Western Digital or Micron?

Posted on Thursday, October 15 2015 @ 12:08:08 CEST by


SanDisk logo
Rumors are going around that SanDisk is working with an unnamed bank to explore a potential sale of its business. People familiar with the matter told Bloomberg that Micron and Western Digital are in talks with the company about a possible take-over, but no firm decision has been made so far. SanDisk is one of the larger manufacturers of NAND flash memory, but a potential deal would likely need the blessing of joint-venture partner Toshiba.

SanDisk's stock jumped 11.22 percent on the rumor to $68.70 a share and is now trading at a market cap of $14.04 billion. Analysts believe a deal could make sense for WD as it would give the storage firm a strong foothold in the SSD market:
“We believe that Western Digital makes sense as an acquirer” at a total deal cost of about $15 billion, given the risk to the hard-drive market from flash memory, Deepon Nag, an analyst at Macquarie Group Ltd., wrote in a note to investors. A deal with Micron also make sense but could be complicated by a technology partnership it has with Intel Corp., Nag wrote.



 



 

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