WD Completes Acquisition of Hitachi Global Storage Technologies

Western Digital announced that it has completed its acquisition of Viviti Technologies (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(1). Hitachi, 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. Read more