Natalie Parkinson
2
All posts from Natalie Parkinson
Natalie Parkinson in Natalie Parkinson,

Western Digital is going to buy Virident Systems

Hard drive maker Western Digital Corp said it would buy Virident Systems Inc, a maker of flash memory for servers, for $685 million in cash.

Western Digital has been trying to expand its presence in the solid state, or flash storage, market with its recent acquisitions.

Here the full article:

http://www.reuters.com/article/2013/09/09/us-westerndigital-acquisition-idUSBRE9880I120130909

I think that shares of Western Digital will rise on this news today.