TechTaffy

tech:

taffy

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.

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.