Western Digital has just announced a huge deal that will see the hard-drive company acquire arch rival Hitachi Global Storage Technologies for a whopping $4.3bn. The deal - expected to close within Q3 2011 - will comprise $3.5 billion in cash and 25 million WD common shares valued at $750 million, along with a pair of Hitachi execs added to the WD board of directors.
Read The Full Story









