Western Digital close to taking over SanDisk

Posted on Tuesday, Oct 20 2015 @ 14:47 CEST by Thomas De Maesschalck
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Rumors about a potential deal between SanDisk and WD are intensifying. Bloomberg writes SanDisk is in advanced talks to sell itself to Western Digital and heard from its sources that a deal could come as soon as this week. SanDisk reportedly approached both Western Digital and Micron Technology, and the first is believed to be discussing a price of between $80 and $90 per share:
Western Digital is discussing a price of between $80 and $90 per SanDisk share, according to two of the people, who asked not to be identified because the information is private. SanDisk closed at $72 in New York trading on Monday. While no agreement has been signed and talks could still fall apart, negotiations accelerated over the weekend, the people said.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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