SanDisk buys Fusion-io for $1.1B

|By:, SA News Editor

SanDisk (SNDK) agrees to acquire Fusion-io (FIO) in an all-cash transaction valued at $1.1B.

The $11.25 per share offer is expected to close during SanDisk's FQ3.

The combination of the two tech companies is forecast to be accretive in the second half of SanDisk's FY15.

FIO +23.1% premarket to $11.42.