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Media card giant SanDisk Corporation has completed of its acquisition of msystems, Ltd., in an all stock transaction valued at approximately $1.5 billion. Since 1989, msystems has been manufacturing embedded flash drives for millions of mobile handsets and creating USB smart drives designed for leading global brands.
"This marks the exciting beginning of the new SanDisk as we commence operations with msystems as an integrated team under one company," said Eli Harari, SanDisk Chairman and CEO. "With our great energy and passion and complementary strengths, we expect this industry-leading innovative team to transform our markets through leadership products in the coming decade."
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