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Western Digital, Kioxia could be talking merger

Hard disk giant Western Digital and Japan-based Kioxia Holdings are said to be in advanced talks to merge in a deal that could be valued at over $20 billion.

Citing unnamed sources familiar with the matter, The Wall Street Journal said a deal could be reached as soon as mid-September. It would be a stock transaction and current WD CEO David Goeckeler would be CEO of the combined company.

Chip shortage will hit hardware buyers for months to years

This is not the first time there has been talk of a potential merger for Kioxia. In March, the Journal reported that both Western Digital and memory manufacturer Micron were looking at a possible acquisition of Kioxia in a deal that might have been valued at about $30 billion.

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Source:: Network World – Data Center