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Western Digital to buy SanDisk in US$19b deal
Published Wed, Oct 21, 2015 · 09:50 PM
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New York
HARD-DISK drive maker Western Digital Corp said it would buy SanDisk Corp for about US$19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices.
SanDisk's shares rose to US$78.76 in premarket trading, but were well below the cash-and-stock offer of US$86.50 per share.
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