The deal has already been approved by the boards of directors of both companies and is expected to close by August, pending certain customary and regulatory approvals. SanDisk expects the deal to be slightly dilutive to earnings in second half of 2013, before becoming accretive in 2014. Earlier, SanDisk acquired flash memory software solutions provider, FlashSoft Corp. in Feb 2012 and enterprise SSD solutions provider Pliant Technology in May 2011. At its recent analyst day (May 2013), SanDisk announced that it expects contribution from the SSD business to grow to roughly 35.0% by 2016. The company expects that 2 out of 3 notebooks will be enabled by flash in 2016, up from 1 out of 8 notebooks in 2012. We believe that the synergies from the acquisition will help SanDisk to emerge as a major player in the fast growing flash memory market, thus lending greater stability to its revenue stream.