China’s Unisplendour to invest $3.78 billion in Western Digital


(Reuters) – U.S. data storage company Western Digital Corp said it would get a $3.78 billion equity investment from Chinese information technology company Unisplendour Corp Ltd. The company said on Wednesday it would issue new shares to Unisplendour at $92.50 each. The Chinese company will hold about 15 percent of Western Digital’s issued and outstanding shares after the investment.

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