Thursday February 04, 2016

EU Clears Western Digital Acquisition Of SanDisk

The European Commission has given a green light to Western Digital's acquisition of SanDisk. The EU approved the deal after finding that the takeover wouldn’t negatively impact competition in Europe.

In October, Western Digital agreed to buy SanDisk in a $19 billion deal that will increase its ability to make flash memory storage chips used in smartphones and tablets. "I am pleased that we have been able to ensure that this multi-billion dollar deal in a fast-developing industry can go ahead without delay," Commissioner Margrethe Vestager, in charge of competition policy, said in a statement.