Vivian D. Labbe
All posts from Vivian D. Labbe
Vivian D. Labbe in Mergers & Acquisitions,

Why Micron Should Consider Buying Pure Storage

Shares of Pure Storage Inc PSTG were trading higher by around 3 percent Tuesday morning after analysts at Susquehanna Financial Group suggested the company is an attractive takeover target with the most likely buyer being Micron Technology, Inc. MU.

Micron is reportedly parting ways with its storage division head and its all-flash array software partner Excelero, Susquehanna's Mehdi Hosseini said in a research report. In fact, both Micron and Excelero deleted their respective SolidScale webpages. Meanwhile, Micron is realigning and rebranding its SolidScale under the Accelerated Solutions offering, which is geared toward hyperscale cloud customers and requires deep knowledge and expertise in firmware and software.