Today we announced an agreement to sell a minority equity investment in our company to a subsidiary of Unisplendour Corporation Limited (Unis), a China-based technology company. The proceeds from this investment will go toward strengthening our balance sheet, and providing us with additional financial flexibility to pursue our long-term strategic growth initiatives.
The equity investment will help facilitate our growth, as we take on the many opportunities and changes within the global storage industry. Unis is a respected, publicly-traded Chinese company with a demonstrated track-record of working with other global technology leaders, including Intel and HP. The terms of the investment reflect Unis’s strong support for Western Digital’s value-creation strategy.
This represents an important investment in us – in our people, our values and our growth. As always,
I thank you for all of your hard work, accomplishments and support, and I look forward to the many opportunities ahead of us.
This announcement does not impact your day-to-day responsibilities, but if you have any questions,
I encourage you to review a set of FAQs posted on our website that should be helpful.