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Western Digital, Japan's Kioxia Holdings Resume Merger Talks: Report

Anusuya Lahiri
·1 分鐘文章

  • Western Digital Corp (NASDAQ: WDC) resumed talks with Japan's Kioxia Holdings Corp in a deal that could unite two technology storage providers.

  • The parties discussed merging into one publicly traded company, Bloomberg reports.

  • Also Read: Why Is This Analyst Bearish On Western Digital And Sees Downside

  • Kioxia spun off from Toshiba Corp (OTC: TOSYY), and Western Digital operate a joint flash memory chip plant in central Japan's Yokkaichi.

  • In June, U.S.-based memory chip firm Western Digital disclosed reviewing strategic alternatives, including options for splitting off its flash-memory and hard disk drive businesses, Reuters reports.

  • Talks between the two companies had stalled over valuation discrepancies and uncertainty over securing approval from the Japanese government, failing to yield what could have been a $20 billion transaction.

  • Price Action: WDC shares traded higher by 2.87% at $34.00 in the premarket on the last check Thursday.

  • Photo Via Wikimedia Commons

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