Deals
SanDisk Said in Advanced Talks to Sell to Western Digital
- An agreement between the two could come as soon as this week
- Deal would add to largest semiconductor M&A year on record
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SanDisk Corp. is in advanced talks to sell itself to Western Digital Corp., and the two storage makers could reach a deal as soon as this week, people with knowledge of the matter said.
Western Digital is discussing a price of between $80 and $90 per SanDisk share, according to two of the people, who asked not to be identified because the information is private. The company is leaning toward an all-cash offer, three people said. While no agreement has been signed and talks could still fall apart, negotiations accelerated over the weekend, the people said.