Western Digital to Acquire Hitachi Global Storage

March 9, 2011, 07:07 PM

http://www.digitalproductionbuzz.com/2011/03/09/we...

Western Digital (WD) and Hitachi, Ltd. announced that they have entered into a definitive agreement whereby WD will acquire Hitachi Global Storage Technologies (Hitachi GST), a wholly-owned subsidiary of Hitachi, Ltd., in a cash and stock transaction valued at approximately $4.3 billion. The proposed combination will result in a customer-focused storage company, with significant operating scale, strong global talent and the industry’s broadest product lineup backed by a rich technology...

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