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Western Digital shares rose 10% on the news. The split will leave the data storage products maker with its traditional hard-disk drive business and create two publicly traded firms, giving into ...
Western Digital used (and still uses) Kioxia's facilities for making its own flash memory chips. [14] [15] On August 30, 2019, the company announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. [16] The acquisition closed on July 1, 2020. [17]
Western Digital labeled these 8 MB models as "Special Edition" and distinguished them with the JB code (the 2 MB models had the BB code). The first 8 MB cache drive was the 100 GB WD1000JB, followed by other models starting with 40 GB capacity. Western Digital advertised the JB models for cost-effective file servers. In October 2001, Western ...
On March 8, 2012, Western Digital (WD) acquired Hitachi Global Storage Technologies for $3.9 billion in cash and 25 million shares of WD common stock valued at approximately $900 million. The deal resulted in Hitachi, Ltd. owning approximately 10 percent of WD shares outstanding, and reserving the right to designate two individuals to the board ...
A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
Western Digital makes hard drives, USB drives and memory cards. New York-based Elliott, one of the world's most prominent activist investors, argued in a letter to the board that Western Digital's ...
The announcement comes a month after prominent activist investor Elliott Management disclosed a stake of nearly $1 billion in the company and pushed it to separate its flash and hard-drive business.
The acquisition was finalized in December 1986, the terms of the stock swap increased to either $50 million or $80 million (sources disagree) worth of Western Digital shares. [8] [1] Western Digital allowed Paradise to exist as an independently managed subsidiary, with Western Digital's video controllers and graphics adapters continuing to bear ...