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.
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.
Source:: Network World – Data Center