Western Digital in advanced talks to merge with Japan's Kioxia Holdings - WSJ

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Western Digital Corp is in advanced talks to merge with Japanese semiconductor firm Kioxia Holdings Corp in a deal potentially valued at more than US$20 billion, the Wall Street Journal reported on Wednesday.Western Digital's shares jumped as much as 15per cent in afternoon trading.The companies co

Western Digital Corp is in advanced talks to merge with Japanese semiconductor firm Kioxia Holdings Corp in a deal potentially valued at more than US$20 billion, the Wall Street Journal

reported on Wednesday.The companies could reach an agreement as early as mid-September, the report https://on.wsj.com/2Wn8KHC said, citing people familiar with the matter.Source: Reuters

 

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