TMCNet:  United States : SANDISK to invest $1.1 billion in FUSION-IO [TendersInfo (India)]

[June 17, 2014]

United States : SANDISK to invest $1.1 billion in FUSION-IO [TendersInfo (India)]

(TendersInfo (India) Via Acquire Media NewsEdge) SanDisk Corp. is to buy Fusion-io, a developer of flash-based PCIe hardware and software solutions in an all-cash transaction worth around $1.1 billion. SanDisk will start a tender offer for all outstanding shares of Fusion-io for $11.25 per share in cash.

According to SanDisk, the deal will be accretive to its non-GAAP earnings in the second half of the firm s fiscal 2015.

Sanjay Mehrotra, SanDisk CEO said: 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. Customers will benefit from the addition of Fusion-io s leading PCIe solutions to SanDisk s vertically integrated business model.

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