[New post] China’s Tsinghua to buy 15 percent of Western Digital for $3.78 billion

sskarthik posted: "A unit of Tsinghua Holdings Co Ltd will buy a 15 percent stake in U.S. data storage company Western Digital Corp , the latest push by the Chinese state-backed company to access U.S. technology. A subsidiary of Unisplendour Corp Ltd , which is owned by Tsi" Respond to this post by replying above this line New post on SKarthik.info China’s Tsinghua to buy 15 percent of Western Digital for $3.78 billion by sskarthik A unit of Tsinghua Holdings Co Ltd will buy a 15 percent stake in U.S. data storage company Western Digital Corp , the latest push by the Chinese state-backed company to access U.S. technology. A subsidiary of Unisplendour Corp Ltd , which is owned by Tsinghua [TSHUAA.UL], will invest $3.78 billion in Western Digital, the companies said on Wednesday. Unisplendour will buy Western Digital's new shares at $92.50 each, a premium of about 33 percent to the stock's Tuesday close, and get the right to nominate one representative to the U.S. company's board. Read more... sskarthik | September 30, 2015 at 7:54 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3mNv Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/30/chinas-tsinghua-to-buy-15-percent-of-western-digital-for-3-78-billion/ Thanks for flying with WordPress.com