Tuesday, August 31, 2021

Western Digital, Kioxia could be talking merger

Hard disk giant Western Digital and Japan-based Kioxia Holdings are said to be in advanced talks to merge in a deal that could be valued at over $20 billion.

Citing unnamed sources familiar with the matter, The Wall Street Journal said a deal could be reached as soon as mid-September. It would be a stock transaction and current WD CEO David Goeckeler would be CEO of the combined company.

This is not the first time there has been talk of a potential merger for Kioxia. In March, the Journal reported that both Western Digital and memory manufacturer Micron were looking at a possible acquisition of Kioxia in a deal that might have been valued at about $30 billion.

To read this article in full, please click here

Thanks to Andy Patrizio (see source)

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