How WD installed a circuit breaker in its SanDisk deal
Before Western Digital (WD) drops $19 billion to buy SanDisk, it's going to make sure certain conditions must be met.
In September, Chinese tech company Unisplendour announced plans to buy a 15% equity stake in WD for about $3.78 billion. The move gives Unispelendor the ability to nominate one of WD's board members and a foot in the door of the North American and European hard drive market.
WD stated in its SanDisk announcement that it will pay one price if it closes on the Unisplendour deal -- and another, lower, price if that transaction fails to go through. The transaction is expected to close in the third calendar quarter of 2016.
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