SanDisk acquires Fusion-io for $1.1 billion to boost enterprise efforts

[Shawn Knight]

SanDisk on Monday announced intentions to purchase Fusion-io Inc. for $1.1 billion in cash, agreeing to pay $11.25 per share for all shares outstanding - a premium of 21 percent over Friday's closing price. The company will fund the purchase...

[newwindow="https://www.techspot.com/news/57116-sandisk-acquires-fusion-io-for-11-billion-to-boost-enterprise-efforts.html"]Read more[/newwindow]

 

[VitalyT]

Fusion IO has been a terribly overpriced SSD manufacturer for enterprise .

A PCI-Express card with 10TB of space and 6GB per second access is very nice, but charging $125,000 for it is just totally insane. I don't even know how they have survived this far.

With their poor vision of future they managed to slide from pioneers of SSD-s to the dinosaurs of the SSD market. A-man!