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    WD Acquires Hitachi Global Storage Technologies

    The new WD will operate with WD Technologies and HGST as wholly owned subsidiaries.
    March 09, 2012 / 16:00 IST

    Western Digital Corp. has announced that it has completed its acquisition of Viviti Technologies Ltd. (formerly Hitachi Global Storage Technologies), effective Mar. 8, 2012, for $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion. Hitachi, Ltd. now owns approximately 10 percent of WDC shares outstanding, and it has the right to designate two individuals to the board of directors of WD.

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