SanDisk acquiring Fusion-io for $1.1 billion
SanDisk, a maker of flash memory products for smartphones, tablets, personal computers and data centers, has agreed to pay $1.1 billion in cash for Fusion-io, which specializes in flash-based hardware and software solutions. The deal amounts to $11.25 per share, and is expected to close in the third quarter.
Officials for SanDisk and Fusion-io could not be reached Monday, and the fate of Fusion-io’s local operations was not immediately known.
SPONSORED CONTENT
People Powered: Preparing Longmont Businesses for Economic Success
Longmont Chamber and FNBO present People Powered on April 24, 2024, aiming to inform business owners about workforce development, housing, and transportation issues.
Fusion-io paid $119 million a little more than a year ago to purchase Louisville-based NexGen Storage Inc. As of December, Fusion-io employed 100 people locally.
SanDisk, a maker of flash memory products for smartphones, tablets, personal computers and data centers, has agreed to pay $1.1 billion in cash for Fusion-io, which specializes in flash-based hardware and software solutions. The deal amounts to $11.25 per share, and is expected to close in the third quarter.
Officials for SanDisk and Fusion-io could not be reached Monday, and the fate of Fusion-io’s local operations was not immediately known.
Fusion-io paid $119…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
