Western Digital is in advanced talks to merge with Japan's Kioxia, people familiar with the matter say, in a deal that could be valued at more than $20 billion
Western Digital Corp. is in advanced talks to merge with Japan’s Kioxia Holdings Corp., according to people familiar with the matter, in a deal that could be valued at more than $20 billion and further reorder the global chip industry.
Long-running discussions between the companies have heated up in the past few weeks and they could reach agreement on a deal as early as mid-September, the people said. Western Digital would pay for the deal with stock and the combined company would likely be run by its Chief Executive, David Goeckeler, the people said.
There’s no guarantee Western Digital, which had a market value of around $19 billion Wednesday afternoon, will seal an agreement, and Kioxia could still opt for an initial public offering it had been planning or another combination.that Western Digital and Micron Technology Inc. were examining potential deals with Kioxia, which makes NAND flash-memory chips used in smartphones, computer servers and other devices.
Any transaction would require the blessing of the Japanese government, given Kioxia’s significance there and the political sensitivities of transferring ownership of such key technology. Washington would also likely play a role, but a deal could fit with a push by the U.S. to boost its chipmaking capabilities and increase competitiveness with China.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EXCLUSIVE Abu Dhabi conglomerate IHC eyes deals worth 'a few billion dollars', CEO saysAbu Dhabi conglomerate International Holding Co is considering acquisitions worth a few billion dollars in total across several sectors, including a real estate developer in Abu Dhabi, its chief executive Syed Basar Shueb told Reuters.
Consulte Mais informação »
WSJ News Exclusive | Urban Outfitters to Take On Poshmark With Its Own Thrift Store AppUrban Outfitters will launch a marketplace for secondhand goods, seeking to turn its customers into sellers and keep them from turning to online resellers such as Poshmark and thredUP
Consulte Mais informação »
WSJ News Exclusive | Drummer on Drummer: Ringo Starr Recalls What Made Charlie Watts Great“I knew he wasn’t doing well, but it was a shock to me,” Ringo Starr said of the death of his longtime friend, Rolling Stones drummer Charlie Watts
Consulte Mais informação »
WSJ News Exclusive | Taliban Takeover Is a Boon for Cash-Strapped IranIran has resumed fuel exports to Afghanistan, in a burgeoning trade relationship that threatens to undermine U.S. pressure campaigns against both Tehran and the Taliban
Consulte Mais informação »
WSJ News Exclusive | Biden Administration Plans Covid-19 Vaccine Boosters at Six Months Instead of EightBreaking: The U.S. is likely to approve a Covid-19 booster shot six months after the previous dose rather than eight, a person familiar with the plans said
Consulte Mais informação »
WSJ News Exclusive | TPG Moving Forward With Initial Public Offering PlanTPG has hired JPMorgan Chase and Goldman Sachs to underwrite its planned initial public offering, moving the private-equity powerhouse closer to a milestone it has flirted with for years
Consulte Mais informação »