Home / Business and Economy / Western Digital Sells $3.17B Sandisk Stake
Western Digital Sells $3.17B Sandisk Stake
18 Feb
Summary
- Western Digital is selling a stake worth $3.17 billion in Sandisk.
- Over 5.8 million Sandisk shares are being sold by Western Digital.
- The offering price is at a discount to Sandisk's closing price.
On February 18, 2026, Western Digital announced its intention to divest a substantial portion of its stake in Sandisk. The hard disk drive manufacturer will sell over 5.8 million shares of the flash memory company. This offering is valued at an estimated $3.17 billion.
The sale price for these Sandisk shares is set at a discount. Specifically, the offering is approximately 7.7% below Sandisk's closing price of $590.59 recorded on Tuesday. This move indicates a strategic shift or financial adjustment by Western Digital concerning its holdings in the memory sector.
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