Elliott Investment Management LP disclosed a roughly 6% stake in Western Digital and is pushing the company to separate its business making traditional hard drives for computers from its flash-memory business
The proposed split up would effectively unwind Western Digital’s $19 billion acquisition of SanDisk in 2016, which brought together two companies supplying memory to digital devices. At the time, the deal was seen as an effort to diversify away from Western Digital’s then-slowing disk drive business toward SanDisk’s chip-based flash storage technology.
