Western Digital Will Buy Hitachi's Storage Division

Western Digital Will Buy Hitachi's Storage Division
By Cássio Lima on March 7, 2011 - 2:49 PM

The Western Digital will spend approximately USD 4.3 billion to buy Hitachi's storage division. Under the terms of the agreement, the Western Digital will pay USD 3.5 billion in cash and 25 million WD common shares valued at USD 750 million. Hitachi will have a 10% stake in Western Digital.

The deal is expected to close in Q3.

Originally at http://www.hardwaresecrets.com/news/Western-Digital-Will-Buy-Hitachis-Storage-Division/5450

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