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

Shawn Knight
By Shawn Knight
Jun 16, 2014
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  1. 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...

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    Jun 16, 2014
    #1
  2. VitalyT

    VitalyT Russ-Puss Posts: 3,426   +1,715

    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!
     
    Last edited: Jun 16, 2014
    Jun 16, 2014
    #2

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