Deals
SanDisk Buying Smart Storage Systems for $307 Million
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SanDisk Corp., a maker of flash memory for mobile devices, agreed to acquire Smart Storage Systems for about $307 million, gaining technology that improves the performance of chips.
The transaction has been approved by the boards of both companies and is expected to close in August, Milpitas, California-based SanDisk said today in a statement. About 250 employees from Smart Storage will join SanDisk.