Information Madness

The transaction is appraised at approximately $4.3 billion.
The takeover of Hitachi Global Storage Technologies which is completely owned sub of Hitachi is going to be done by Western Digital who announced this takeover and also shared the details of the takeover with the media. The entire transaction including cash and stock is approximated to be a whopping $4.3 billion USD.

This take over will help Digital to become more consumer focused by coming in contact with consumers directly as Hitachi has a huge leverage and is an expert in marketing with a very wide market reach and a strong base for it.

The president and CEO of Western digital have said that the proven integration capabilities of both the companies would help ensure that the main beneficiaries of this amalgamation are the consumers. John Coyne is the CEO of WD who is also noted as one of the most successful entrepreneurs.

Hiroaki Nakanishi the president of Hitachi Group was quoted as saying that this integration has provided the new company to expand into less trodden grounds and new markets and this is also a very good opportunity to increase the customers and shareholder values.

This integration will also help WD take an edge over its rivals Seagate who are also emerging as the new giants in storage fields. Seagate has emerged as one of the front runners after they were able to get over the problems that they were having with the high capacity drives.