Western Digital acquires SanDisk, a major memory maker, to acquire large-scale acquisitions exceeding 2 trillion yen

SanDisk, a leading memory manufacturer and Western Digital, a leading manufacturer of hard disks (HDD), announced that Western Digital has reached an agreement to acquire SanDisk. Large acquisitions of large memory by major HDDs will create a huge storage maker.

Western Digital Announces Acquisition Of SanDisk
http://www.wdc.com/en/company/pressroom/releases/?release=e5f16023-3969-4cd0-bc3b-fe7e35572518

Transaction_Infographic.pdf
(PDF file)http://www.wdc.com/en/company/investor/library/Transaction_Infographic.pdf

On October 13, 2015Reuters reported that "SanDisk is planning a sale and Western Digital is the most powerful counterparty"However, according to this report, the acquisition of SanDisk by Western Digital was officially announced. The acquisition amounted to approximately 19 billion dollars (about 2.3 trillion yen), which is a super-large acquisition.


With this acquisition Western Digital will hold approximately 9,700 employees of Western Digital & approximately 10,000 intellectual property rights and approximately 3000 employees of SanDisk & approximately 6,500 intellectual property rights of Western Digital It is expected to be the largest storage company with both honorable assets with both huge HDD and flash memory. Western Digital 's CEO, Steve Milligan said on Wednesday that it will be able to offer attractive high - quality products (through this acquisition) and become an innovative leader in the storage industry, Western Digital' s long - term It is a kind of strategic strategy. "


Western Digital said, "By 2020 the storage market is expected to grow ten times as much as 2013, and the SSD market will show steady growth of 10% on average annually." Along with the growth of big data analysis and movies, mobile terminals and cloud computing, we will increase sales from $ 37 billion (about 4.4 trillion yen) in 2015 to $ 76 billion (about 9 trillion 100 billion yen) I am announcing ambitious mid- to long-term prospects.


In addition, we are continuing to tie up with Toshiba, a memory-affiliated collaborator with SanDisk, and it has been revealed that it will not affect the development plan of 3D NAND technology.


Acquisition of SanDisk by Western Digital will be completed in the third quarter of 2016 with the approval of SanDisk shareholders.