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[Various] SanDisk In Buyout Talks With Western Digital (Updated Again)

post #1 of 42
Thread Starter 
Quote:
CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), default quality

Chipmaker Micron Technology Inc and hard disk drive maker Western Digital Corp are in talks with memory chip maker SanDisk Corp about a possible acquisition, Bloomberg reported on Tuesday.

SanDisk, valued at about $12.6 billion as of the stock's close on Tuesday, has hired a bank to help with the process, Bloomberg reported, citing sources familiar with the matter.

No decision has been made and the talks may not result in a transaction, Bloomberg reported.

Source: http://www.reuters.com/article/2015/10/13/us-sandisk-m-a-micron-tech-idUSKCN0S72QL20151013

I think this would be a good move by WD, having an SSD company in their repertoire. WD purchased HGST and that turned out great for them. I imagine acquiring SanDisk would do the same for them.

Looks like this deal is moving along, as now they are in advanced talks about the acquisition taking place:
Quote:
It seems that Western Digital is in advanced talks with SanDisk regarding an acquisition. The two storage device makers could reach a deal pretty soon as well, with sources familiar with the matter claiming that everything could be official by the end of the week. Right now, Western Digital is said to be negotiating a price between $80 and $90 per share, though right now those details are private and as a result, the sources have been kept anonymous.

The initial report comes from Bloomberg, which also notes that no agreement has been signed yet, so talks could still fall apart, though negotiations gained pace over the weekend.

Western Digital is discussing a price of between $80 and $90 per SanDisk share, according to two of the people, who asked not to be identified because the information is private. The company is leaning toward an all-cash offer, three people said. While no agreement has been signed and talks could still fall apart, negotiations accelerated over the weekend, the people said.

Source 1: http://www.kitguru.net/components/hard-drives/matthew-wilson/western-digital-is-in-advanced-talks-to-buy-sandisk/
Source 2: http://www.bloomberg.com/news/articles/2015-10-19/sandisk-said-to-be-in-advanced-talks-to-sell-to-western-digital

Looks like this is most likely going to happen:
Quote:
Western Digital has agreed to purchase Sandisk for $19 billion in cash and stock, a deal which values Sandisk at $86.50 per share and represents a 12% premium over yesterday's closing price. Current Western Digital CEO Steve Milligan will remain in charge of the company, which retains its headquarters in Irvine, California, while SanDisk's CEO Sanjay Mehrotra is expected to remain with Western Digital and join their board of directors.

Source 3:[/Bhttp://www.pcper.com/news/Storage/Western-Digital-Buy-SanDisk-19-Billion


Quote:
Hard disk drive maker Western Digital (WDC) said it would buy memory chip maker SanDisk (SNDK) for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices.

Source 4:[/Bhttp://www.foxbusiness.com/technology/2015/10/21/western-digital-to-buy-sandisk-in-1b-deal/

Looks like the deal is "definitive"

Quote:
Western Digital Corporation and SanDisk Corporation today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share or a total equity value of approximately $19 billion, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock. If the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. The transaction has been approved by the boards of directors of both companies

Source 5:[/Bhttp://www.techpowerup.com/216898/western-digital-buying-sandisk-in-usd-19-billion-deal.html

Source 6:[/Bhttp://www.wdc.com/en/company/pressroom/releases/?release=e5f16023-3969-4cd0-bc3b-fe7e35572518

Edited by BiG StroOnZ - 10/22/15 at 1:52am
post #2 of 42
It would be good only if WD completely reorganizes SanDisk and brings SanDisk's customer service up to WD's higher standards.
     
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post #3 of 42
Thread Starter 
Quote:
Originally Posted by Lady Fitzgerald View Post

It would be good only if WD completely reorganizes SanDisk and brings SanDisk's customer service up to WD's higher standards.

Yes, I believe this would be crucial but as far as performance goes SanDisk is up there. They are often overlooked, and I imagine with "A Western Digital Company" underneath their name would help greatly improve sales.
post #4 of 42
Quote:
Originally Posted by BiG StroOnZ View Post

Yes, I believe this would be crucial but as far as performance goes SanDisk is up there. They are often overlooked, and I imagine with "A Western Digital Company" underneath their name would help greatly improve sales.

I see what you did there.
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post #5 of 42
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Quote:
Originally Posted by theshadowofsam View Post

I see what you did there.

Crucial Micron Sandisk WD.

BOOM.

tongue.gif
post #6 of 42

Why would a successful NAND maker suddenly want to sell off...

post #7 of 42
Unless WD is already offering a whole lot of money, SanDisk's position is only going to get stronger as time goes on. They should wait until the HDD manufacturers are really in a squeeze.
post #8 of 42
Quote:
Originally Posted by BiG StroOnZ View Post

I think this would be a good move by WD, having an SSD company in their repertoire. WD purchased HGST and that turned out great for them. I imagine acquiring SanDisk would do the same for them.

Eh, maybe. Seagate tried making some SSDs a while ago. I picked up my 240GB 600 November 2013. Don't regret it - it's a good drive - but they've never followed up with anything. Additionally, they purchased LSI of SandForce and every-server-RAID-controller-ever fame, but I have yet to see them do much with that.

Perhaps WD could try to push for their own hybrid drives? They did try with the Black2, but I'm almost certain sales were abysmal. It was very expensive for what it was, a 1TB WD Blue with a kinda crappy 120GB SSD taped on top. It only made sense for some very niche situations, and even then not very much sense when A) a single, larger SSD would have been the same price, B) Seagate's hybrid drives were available for less and C) Samsung's and Crucial's terabyte drives were available for more. (And as an aside, I bought a 960GB M500 for less than the Black2's $300 MSRP, though to be fair it was a refurb and only last month.)

Quote:
Originally Posted by Omega X View Post

Why would a successful NAND maker suddenly want to sell off...

I believe they have a partnership with Toshiba and do not make their own NAND but rather assemble the end devices.

I could be wrong; please correct me if I am.
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post #9 of 42

I have used a lot of SanDisk flash drives and ssd's over the years. They are cheap and cheap for a reason their flash drives are kinda slow and their ssd's are not the fastest. However their tech support is horrible so I think a buy out might be a good thing for consumers.

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post #10 of 42
Quote:
Originally Posted by ozlay View Post

I have used a lot of SanDisk flash drives and ssd's over the years. They are cheap and cheap for a reason their flash drives are kinda slow and their ssd's are not the fastest. However their tech support is horrible so I think a buy out might be a good thing for consumers.

They make blazzing fast SD cards and usb. Surely you got what you paid for.
There are many speed standard for flash memory.

I also used to get the cheapest flash storage solution but spending more is really worth it for a higher class.
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