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Western Digital Announces Acquisition Of SanDisk

Western Digital® Corporation (NASDAQ: WDC) and SanDisk Corporation (NASDAQ: SNDK) today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at US$86.50 per share or a total equity value of approximately US$19 billion, using a five-day volume weighted average price ending on October 20, 2015 of US$79.60 per share of Western Digital common stock. The transaction has been approved by the boards of directors of both companies.

The combination is the next step in the transformation of Western Digital into a storage solutions company with global scale, extensive product and technology assets, and deep expertise in non-volatile memory (NVM). With this transaction, Western Digital will double its addressable market and expand its participation in higher-growth segments. SanDisk brings a 27-year history of innovation and expertise in NVM, systems solutions and manufacturing. The combination also enables Western Digital to vertically integrate into NAND, securing long-term access to solid state technology at lower cost.

The proposed combination creates significant value for both SanDisk and Western Digital shareholders. Western Digital brings a successful track record of M&A with a number of acquisitions over the last several years helping to fuel innovation, create value and strongly position the company to capture higher-growth opportunities. In addition, Western Digital's operational excellence, coupled with the recently announced decision by China's Ministry of Commerce (MOFCOM) allowing Western Digital to integrate substantial portions of its WD and HGST businesses, is expected to generate additional cost synergies.

Western Digital and SanDisk's complementary product lines, including hard disk drives ("HDDs"), solid-state drives ("SSDs"), cloud datacenter storage solutions and flash storage solutions, will provide the foundation for a broader set of products and technologies from consumer to datacenter. Both companies have strong R&D and engineering capabilities and a rich base of fundamental technologies with over 15,000 combined patents issued or pending worldwide.

Toshiba has been a long-term strategic partner to SanDisk for 15 years. The joint venture (JV) with Toshiba will be ongoing, enabling vertical integration through a technology partnership driven by deep collaboration across design and process capabilities. The JV provides stable NAND supply at scale through a time-tested business model and extends across NVM technologies such as 3D NAND.

Steve Milligan will continue to serve as chief executive officer of the combined company, and the company will remain headquartered in Irvine, California. Upon closing, Sanjay Mehrotra is expected to join the Western Digital Board of Directors.

The transaction will be financed by a mix of cash, new debt financing and Western Digital stock.  In connection with the transaction, Western Digital expects to enter into new debt facilities totaling US$18.4 billion, including a US$1.0 billion revolving credit facility. The proceeds from the new debt facilities are expected to be used to pay part of the purchase price, refinance existing debt of Western Digital and SanDisk and pay transaction related fees and expenses. If SanDisk's cash balance falls below certain thresholds at the time of transaction close, the merger agreement provides for an adjustment to the mix of cash and stock consideration.

The transaction is subject to approval by SanDisk shareholders and, in the event that the Unisplendour transaction does not close, Western Digital shareholders, receipt of regulatory approvals and other customary closing conditions. The transaction is expected to close in the third calendar quarter of 2016.

BofA Merrill Lynch and J.P. Morgan are acting as lead financial advisors to Western Digital and will provide committed financing for the transaction. Also, Credit Suisse is acting as a financial advisor and providing committed financing, and RBC Capital Markets is providing committed financing. Cleary Gottlieb Steen & Hamilton LLP and Baker & McKenzie are acting as legal advisors to Western Digital.

Goldman Sachs is acting as the exclusive financial advisor to SanDisk. Skadden, Arps, Slate, Meagher & Flom LLP is acting as the exclusive legal advisor to SanDisk.


Urbanista: A Tribute to Urban Lifestyle

“Music gives a soul to the universe, wings to the mind, flight to the imagination and life to everything.”

Urbanista came out of a vision to glorify the urban lifestyle and create products that make life better for modern people in urban developments. We design for life in motion.Every product in the Urbanista portfolio is developed to serve a need for the target group - the Urbanistas. Within the tight portfolio, the offering is wide. The retail environment shall clearly show the most relevant product for each consumer.The Urbanista products are meant to be life companions. Therefore they are developed with design and colors in focus. The products should not only enhance the life of the Urbanistas with the functions, but also the looks.

Urbanista is launching in the Philippines, really soon! Familiarize yourself with the different Urbanista earphones:

Balanced for music and talk
Why compromise? If you’re looking for earphones for both music and phone calls, you’ve finally found them. For the everyday use for, suitable for anyone.

•    Ergonomic design
•    Suitable for music and talk
•    Hands-free with mic
•    Value for money

For simplicity seekers
Made in a classic but revamped earphone design.Soft rubber ring around the earbud to create comfort and good fit.

•    Recognized design
•    Fits most people
•    Hands-free with mic

For the urban athlete
With Rio, we´re raising the bar for how really good sport earphones should sound, feel and cost. The GoFit
silicone wing guarantees an ergonomic and secure fit even in the most challenging and wet circumstances. The sound is optimized with clear sound and strong bass to boost your performance with your favorite beats.

•    GoFit silicone wing which fits securely in your ears.
•    Water resistant (IPX5)
•    Hands-free with mic
•    Light construction

For freedom seeking athlete.
At the gym or in the street.Every beat, clarity without compromise. Urbanista Boston sport earphones with Bluetooth gives you the freedom to really move.

•    Wireless Bluetooth connection.
•    GoFit silicone wing fits securely in ears.
•    Water resistant (IPX5).
•    Light earbuds.
•    Hands-free with mic.

For uncompromising music lovers
In the studio.At the concert or club.Urbanista Ibiza high performance earphones make you feel as if you were really there. Every note, precision without compromise.

•    Heavy bass with uncompromising clarity.
•    Ergonomic design with GoFit for secure fit.
•    Handsfree with volume control and mic.

For the expressive music lovers

Miami is a classic foldable mid-size headphone that comes in several vibrant colours. The frame’s flexibility, the soft headband and ear pads allow the headphones to rest comfortably on your ears. The Urbanista logo, carved from aluminum.

•    Comfortable, foldable & affordable
•    Strong bass and clear sound
•    Hands-free with mic

For the design devotees
The Urbanista crown jewel. Made in brushed aluminum in a style as sharp and fresh as your own. These premium mid-size headphones carry music with dashing clarity and tonal accuracy that’ll make your listening experience a treasure trove of musical enjoyment.

•    Unique and exclusive aluminum design
•    Supreme audio clarity with dynamic bass
•    Soft headband with enclosed adjustability
•    Hands-free with mic


Unboxing the Alcatel Flash 2

Good packaging, nice camera resolution, reasonable pricing.. These are some of my first impressions of the Alcatel Flash 2.

The Alcatel Flash 2 was first introduced couple of weeks ago. Fresh with their brand color " Flash Green" signifying innovation, youth energy. One mobile feature of the Alcatel Flash 2 stands out is providing mobile users a unique mobile experience - MOBIGRAPHY.

Launched exclusively in Lazada PH last September 30 at exactly 12 noon was a blast as it was sold out in couple of hours.

  • 5-inch HD Crystal Clear IPS Display
  • 1.3GHz MediaTek MT6753 Octa-core Processor
  • Android Lollipop
  • 2GB RAM
  • 16GB Internal Storage
  • 13-megapixel rear camera with Real Tone Flash, f/2.0 aperture
  • 5-megapixel front camera with LED Flash
  • 3000mAh battery
  • Dual 4G LTE dual-SIM
I was able to do a bit of a test drive of the Alcatel Flash 2 during Lazada's Unboxing Session.

The packaging is pretty impressive. I have never heard or saw a phone package that includes a leather casing and screen protector. I usually purchased such items separately.

Screen size is good enoough. Touchscreen responsive is also good. I wasn't able to robustly test the battery life and other apps like games. But I was able to check bluetooth connectivity. It took a while for me to pair my HTC Incredible S to the Flash 2. Luckily, the pairing was a success.

In every mobile phone I was able to get hands on is to test the camera. 13MP resolution of the rear camera is impressive, as well as the 5MP front camera. Perfect for those who loves doing selfie. To my surprise, the Alcatel Flash 2 has a time lapse capability. Love it!

How I wish there was more time to check the unit but our time ran out. Lucky for those who got picked in the raffle to own some of the units.

Looking forward of attending another unboxing session.