|09-03-2012, 10:13 PM||#1|
Join Date: May 19 2008
[Techpowerup.com] (PR) Western Digital Completes Acquisition of Hitachi Global Storage Technologies
Western Digital Corp. today announced that it has completed its acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies), effective Mar. 8, 2012, for $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion. Hitachi, Ltd. now owns approximately 10 percent of WDC shares outstanding, and it has the right to designate two individuals to the board of directors of WD.
The new WD will operate with WD Technologies (WD) and HGST as wholly owned subsidiaries. Aggregated revenues of the two companies in 2011 were $15 billion. As chief executive officer of WD, John Coyne heads up the new office of the CEO, with Steve Milligan as president, Tim Leyden as chief operating officer and Wolfgang Nickl as chief financial officer.
|acquisition, completes, digital, global, hitachi, storage, technologies, techpowerupcom, western|
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Similar Threads for: [Techpowerup.com] (PR) Western Digital Completes Acquisition of Hitachi Global Storage Technologies|
|Thread||Thread Starter||Forum||Replies||Last Post|
|[Anandtech.com] Western Digital To Sell Hitachi's 3.5â?? Hard Drive Business To Toshiba, Complete Hitachi Buyout||News||Reviews & News Online||0||07-03-2012 07:31 PM|
|[Techpowerup.com] (PR) Western Digital Previews Thunderbolt Dual-Drive Storage System at Macworld/iWorld||News||Reviews & News Online||0||27-01-2012 09:43 AM|
|[Techpowerup.com] (PR) Western Digital Debuts the My Book Live Duo Personal Cloud Storage System||News||Reviews & News Online||0||06-01-2012 05:52 AM|
|[Techpowerup.com] (PR) Western Digital to Acquire Hitachi Global Storage Technologies||News||Reviews & News Online||0||08-03-2011 03:20 AM|
|[Techpowerup.com] Dell, Hitachi, Western Digital Sued by Convolve for Patent Infringe||News||Reviews & News Online||0||25-06-2008 08:15 AM|
All times are GMT +11. The time now is 03:35 AM.