Western Digital could merge with Kioxia in $20B deal - report

Wednesday, 25. August 2021 20:39

American computer hardware corporation Western Digital is in the advanced stage of merger negotiations with a Japanese tech company Kioxia, The Wall Street Journal reported on Wednesday citing sources familiar with the matter.

If successful, the deal will be valued at over $20 billion and could be settled as soon as mid-September. The joint entity is expected to reshuffle the global chip industry under the leadership of Western Digital's CEO David Goeckeler.

Should the agreement fall through, Kioxia could still decide on an initial public offering it had previously been planning for.

Related Links: Western Digital Corp.
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Breaking the News / LH