Chris Evans of Architecting IT writes:
It has been widely reported and confirmed through a press release, that Fusion-io is to be acquired by SanDisk at a value of around $11.25 per share in cash with the deal expected to close this year. Assuming everything goes through, this closes a chapter on a flash storage company who’s IPO has failed to deliver on the initial promise.
This is a great deal for SanDisk and for Fusion-io. The sky is the limit from here.
Read more: SanDisk Announces Acquisition of Fusion-io