Western Digital to sell $3.17 billion stake in Sandisk

Feb 18 (Reuters) - Flash memory maker ‌Sandisk on ‌Wednesday said that ​Western Digital will sell a stake worth $3.17 billion ‌in ⁠the company.

Western Digital, which ⁠makes hard disk drives, ​will sell ​over ​5.8 million ‌shares of Sandisk at $545 each, Sandisk said.

The offering is at ‌a discount ​of ​about ​7.7% to ‌Sandisk's last close ​of $590.59 ​on Tuesday.

(Reporting by Rajveer ​Singh ‌Pardesi in Bengaluru; ​Editing by ​Mrigank Dhaniwala)