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Sandisk To Buy Fusion-Io For $1.1 Billion

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Sandisk's new solid state drive is displayed at the Sandisk booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in Taipei(Reuters) - Chipmaker SanDisk Corp said it would buy flash storage device maker Fusion-io Inc for about $1.1 billion. SanDisk's offer of $11.25 per share represents a premium of 21 percent to Fusion-io's Friday close. Fusion-io's shares were trading at $11.35 before the bell on Monday. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)




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