China firm terminates investment plan in Western Digital

Western Digital has disclosed its agreement with Unisplendour (Unis), and Unis Union Information System (Unis Union), a subsidiary of Unis that agreed to make a US$3.775 billion equity investment in Western Digital, has been terminated by Unis Union after a decision by the Committee on Foreign Investment in the US (CFIUS) to conduct an investigation into the proposed investment. Western Digital affirmed its commitment to the acquisition of SanDisk and announced that the shareholders of SanDisk will receive the alternate merger consideration as outlined in the merger agreement.

from DIGITIMES: IT news from Asia http://ift.tt/1oGuxUx
via Yuichun