Popular flash memory maker SanDisk announced Monday its intentions to acquire Fusion i-o for $1.1 billion in cash or $11.25 per share. SanDisk said it hopes Fusion i-o will help it deliver its flash memory products deeper into the enterprise market, particularly in large data centers.
"Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership," SanDisk president and CEO Sanjay Mehrotra said. "Customers will benefit from the addition of Fusion-io's leading PCIe solutions to SanDisk's vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world."
Fusion-io said that it sees the acquisition as a means to deliver its products globally and that, with SanDisk as its new owner, it will be able to offer more value to its existing partners.
SanDisk said that the transaction is still subject to standard regulatory approval but expects that the deal will close during fiscal Q3.
Add magic to your living space with these string lights
String lights add personality and soft light to your living space. Here are some of the best.
Disguise your little one with the help of a themed costume
From roaring lions to hoppy bunnies, costumes speak to every child's unique spirit. And we've collected our favorite options.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Solve all of your problems, add the perfect calculator to your life
With the right calculator, everything adds up! Whether you need a basic model or one with more advanced functions, there is a calculator that will meet your functional requirements.