Hard disk drive manufacturer Western Digital to buy SanDisk Corp

Q.  Hard disk drive maker Western Digital has said  it will buy which company on 21st October 2015?
- Published on 23 Oct 15

a. SanDisk Corp
b. Kingston Technology
c. HP
d. Toshiba

ANSWER: SanDisk Corp
 
Hard disk drive maker Western Digital has announced it will be purchasing SanDisk Corp for USD 19 billion. This will provide it with better access to flash memory storage chips in mobile and smartphone devices. Record number of deals have been noted in the semiconductor industry. Total value of SanDisk acquisition is based on closing of investment by China backed Tsinghua Holdings Unisplendour. If investment closes before SanDisk acquisition, Western Digital will pay more. Deal aims to add to the adjusted earnings of Western Digital. Merrill Lynch, JP Morgan and Credit Suisse were the financial advisers for this deal while Gottlieb Steen & Hamilton LLP and Baker & McKenzie are legal advisers to Western Digital. For SanDisk, the financial adviser was Goldman Sachs while Skadden, Arps, Slate, Meagher & Flom LLP is its legal adviser.

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