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Western Digital Acquires SanDisk for $19B
2015-10-22 04:02:23| PC Magazine Storage Devices Product Guide
The companies' complementary product lines together set a foundation for a broader array of programs.
Tags: digital
western
sandisk
acquires
Western Digital to buy SanDisk, experts eviscerate WDs encrypted hard drives
2015-10-21 20:09:26| Extremetech
Western Digital announced it intended to buy SanDisk for some $19 billion, but the news is overshadowed by massive problems with its encrypted hard drives.
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hard
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Western Digital to buy SanDisk for USD 19 billion
2015-10-21 14:54:00| Telecompaper Headlines
(Telecompaper) Western Digital is expanding in the storage market with the acquisition of memory card maker SanDisk for USD 19 billion. The company agreed to buy SanDisk for USD 86.50 per share in a combination of cash and WD shares. Western Digital said the takeover will double its addressable market and expand its position in higher-growth segments. The combination also enables Western Digital to vertically integrate into NAND, giving it long-term access to solid state technology at lower cost. The company said it would maintain SanDisk's manufacturing joint venture with Toshiba after the takeover. The company expects to achieve annual synergies of USD 500 million from integrating SanDisk, within 18 months of closing the takeover, and the deal should add to EPS, excluding one-time costs, within 12 months. To help finance the acquisition, Western Digital is suspending its share buyback program and has agreed USD 18.4 billion in fresh debt. SanDisk's board supports the takeover, while its shareholders will have the final say. Pending shareholder and regulatory approval, the takeover is expected to close in Q3 2016.
45% of Western European broadband homes have a smart TV
2015-10-20 19:30:47| Digital TV News
Parks Associates research finds that 45% of European broadband households own a smart TV, with the highest percentage in Germany, where over 50% of broadband households have this internet-connected CE device.
Tags: tv
western
homes
european
Western Digital My Passport Ultra (2TB)
2015-10-20 07:02:41| PC Magazine: New Product Reviews
The 2TB Western Digital My Passport Ultra adds color options, 256-bit hardware encryption, and a longer-than-average warranty to a solid portable hard drive.
Tags: digital
western
ultra
passport
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