Fusion-io Acquisition Deal Moves Past Milestone
The acquisition of Salt Lake City-based flash storage maker Fusion-io by flash storage device maker SanDisk is moving forward, as SanDisk said this morning that it has just passsed the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The waiting period is one of the major milestones in big mergers and acquisitions deals. SanDisk is paying approximlatey $1.1 billion for Fusion-io. The deal had been announced in June. SanDisk said that it now expects the transaction to close in its fiscal Q3.
posted on Wednesday, July 16, 2014
Related companies:
Fusion-io
Related stories:
> Fusion-io Acquires IO Turbine
> Fusion-io Acquired By SanDisk For $1.1 Billion
> Fusion-io Extends OEM Deal with HP
> NexGen Storage Ties With Fusion-io On Storage Product
> Fusion-io: More Than 15 Petabytes Shipped
Techrockies.com Home