Monday, June 16, 2014

Fusion-io Acquired By SanDisk For $1.1 Billion

Salt Lake City-based flash-based storage maker Fusion-io is in a deal to be acquired by SanDisk, for $1.1 billion, according to SanDisk. According to SanDisk, the deal will be all cash, and will help to bolster its enterprise growth efforts. SanDisk said it has agreed to pay $11.25 per share in cash for Fusion-io. SanDisk was advised by Goldman, Scahs & Co., and Skadden, Arps, Slate, Meagher & Flom LLP; Fusion-io was advised by Qatalyst Partners and Wilson Sonsini Goodrich & Rosati.