WESTERN DIGITAL BOUGHT HITACHI GLOBAL STORAGE TECHNOLOGIES

Western Digital, the giant storage company got even bigger with its latest addition: Hitachi hard-drive (and as a whole Hitachi Global Storage Technologies) unit. The price of the deal? 4.3 billion, from which 2.5 billion in cash and the rest of it in WD common shares.

The deal is extremely important and will shape  the future storage market at all levels. The company won’t change its name (we kinda like Western Digital) and its headquarters will also remain in Irvine, CA. What we all hope from the deal is, obviously larger and faster hard drives but, even more important (at least for me), better and better media streamer boxes…and bring that Hulu Plus to WD TV Live Plus as fast as possible.

via WDC