Western Digital to pay $4.3B for Hitachi drive unit

Western Digital, already one of the largest hard-drive makers in the world, has signed a deal to pay $4.3 billion for its counterpart at Hitachi.

The resulting company will keep the Western Digital name and will appoint Steve Milligan, currently president and CEO of Hitachi Global Storage Technologies, as president of the new business. Milligan will report directly to Western Digital President and CEO John Coyne. Hitachi GST is a wholly owned subsidiary of Hitachi.

The combined company will offer "significant operating scale, strong global talent, and the industry's broadest product lineup backed by a rich technology … Read more

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