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Sandisk Acquires Fusion-io

By TechTaffy Desk

Fusion-io

SanDisk has signed a definitive agreement to acquire Fusion-io, a developer of flash-based PCIe hardware and software solutions for the enterprise and hyperscale datacenters. The acquisition will be an all-cash transaction valued at approximately $1.1 billion. The transaction, which has been approved by the boards of directors of both companies, is subject to customary closing conditions, and is expected to close in the third quarter of SanDisk’s fiscal 2014.

Goldman Sachs acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom acted as legal advisor to SanDisk. Qatalyst Partners acted as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Fusion-io.

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