Here's why Western Digital is buying SanDisk
Western Digital (WD) today announced that it's buying fellow data storage vendor SanDisk in a cash and stock deal worth about $19 billion.
The move comes as the IT industry is evolving rapidly as companies look for ways to embrace trends such as wearables, the Internet of Things and the cloud. The result has been a recent wave of mergers and acquisitions and investment activity in the data storage market.
WD's purchase of SanDisk comes on the heels of the data storage market's biggest-ever acquisition, Dell's purchase of EMC for $67 billion. That deal was announced just last week. In addition, storage semiconductor maker PMC-Sierra has received multiple takeover bids, and China's Tsinghua-owned Unisplendour has agreed to buy 15% of WD for $3.78 billion.
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