POET Technologies Inc.

more M&A....

...The deal makes a lot of sense for both the companies. Western Digital realizes that the classic hard drive business is decades old, and solid-state memory is where the consumers are moving. The advent of mobile devices and cloud computing has reshaped the way we access and store information.

As part of the deal, SanDisk CEO Sanjay Mehrotra will join Western Digital board. Steve Milligan, CEO of Western Digital will continue in that role. The deal is expected to close in the third quarter of 2016, subject to shareholder and regulatoryapproval

http://www.neowin.net/news/storage-giant-western-digital-buys-flash-memory-behemoth-sandisk-for-19-billion

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disco68
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POET Technologies Inc.
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PTK
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TSX-V
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Technology & Medical
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