Western Digital in talks to merge with Japan's Kioxia - source
By Krystal Hu and Eva Mathews
(Reuters) -Western Digital Corp is in advanced talks for a potential $20 billion stock merger with Japanese semiconductor firm Kioxia Holdings Corp, according to a person familiar with the matter.
The companies could reach an agreement as early as mid-September, and Western Digital Chief Executive Officer David Goeckeler would run the combined firm, the source said, who requested anonymity to discuss confidential matters.
The Wall Street Journal reported the talks earlier on Wednesday. The news sent San Jose, California-based Western Digital's shares up as much as 15% in afternoon trading to a market cap of $21.45 billion.
Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, last year shelved plans for what would have been Japan's largest initial public offering in 2020. In June, however, ...
Read More on Datafloq
(Reuters) -Western Digital Corp is in advanced talks for a potential $20 billion stock merger with Japanese semiconductor firm Kioxia Holdings Corp, according to a person familiar with the matter.
The companies could reach an agreement as early as mid-September, and Western Digital Chief Executive Officer David Goeckeler would run the combined firm, the source said, who requested anonymity to discuss confidential matters.
The Wall Street Journal reported the talks earlier on Wednesday. The news sent San Jose, California-based Western Digital's shares up as much as 15% in afternoon trading to a market cap of $21.45 billion.
Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, last year shelved plans for what would have been Japan's largest initial public offering in 2020. In June, however, ...
Read More on Datafloq
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