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Western Digital Is Buying SanDisk For $19 Billion

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Western Digital recently announced that it is buying up data storage vendor SanDisk for $19 billion in cash and stocks. This merger is coming at a time when the IT industry is evolving at breakneck speeds and companies are looking for new ways to get in on trends like wearable tech, the Internet of Things, and cloud computing. As a result, there has been a wave of mergers and acquisitions along with an increase of investment activity in the data storage market. Western Digital's acquisition of SanDisk comes right after the market's biggest acquisition ever, when Dell purchased EMC for $67 billion. That deal hit news outlets last week and, in addition, storage semiconductor maker PMC-Sierra has also received a number of bids to take it over while Unisplendor, who is owned by China's Tsinghua, agreed to buy 15% of Western Digital for $3.78 billion. Western Digital focuses mainly on hard disk drives (HDD) though it is facing an evolution in IT that is pushing companies toward