According to news on January 21, people familiar with the matter said that Western Digital Merger talks with Japanese memory chip maker Kioxia have progressed and a rough deal structure has been finalized.
It is reported that according to the terms being discussed by the two parties, Western Digital will spin off its flash memory business and merge with Kioxia to establish a listed company in the United States. The company is also planning a dual listing in Japan, the people said.
The two companies are working hard to announce an agreement in the coming months, but the details have not yet been finalized and could change, the report said.
dow jones News agencies and other media had reported on Western Digital’s potential deal to acquire Kioxia in 2021, when negotiations for a deal that could be worth $20 billion stalled. Kioxia is also considering pursuing an initial public offering in 2021, but the company’s chief executive Nobuo Hayasaka said in October last year that there are no plans for an IPO in the short term.
Editor in charge: Liu Mingliang
media reports
Tencent Technology Sina Technology Netease Technology IT Home
Event Tracking
- 2023-01-22 It is reported that Western Digital and Kioxia have made progress in the merger negotiations and plan to dual-list in the United States and Japan
- 2022-02-10Western Digital and Kioxia say material pollution affects 3D flash memory production
- 2020-02-04Quantum will acquire the object storage business of Western Digital and is expected to complete before April
- 2019-06-11Western Digital suspends cooperation with Huawei and stops shipments to Huawei
- 2019-01-10 Jingdong Western Data signed a strategic cooperation agreement CES 2019 Jingdong booth highlights frequently
This article is transferred from: https://readhub.cn/topic/8mLpMAw9gSp
This site is only for collection, and the copyright belongs to the original author.