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Announced

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Apollo Global Management and Elliott Investment Management completed a $900m investment in Western Digital.

Synopsis

Apollo Global Management, an American global private equity firm, and Elliott Investment Management, an American investment management firm, completed a $900m investment in Western Digital, an American computer drive manufacturer and data storage company. "This investment was the result of a comprehensive outreach and evaluation process to appropriately capitalize the company and retain optionality for future strategic decision making. We have tremendous respect for Apollo and Elliott. Their partnership and perspectives as experienced capital investors will help us facilitate the next stages of Western Digital’s strategic review. We look forward to working together in advancing our goal of creating value and finalizing the best possible strategic outcome for our shareholders," David Goeckeler, Western Digital CEO.

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