Western Digital in merger talks with Kioxia - NewsBreak

Unnamed 'people familiar with the matter', talking to the Wall Street Journal, have indicated that Western Digital (WDC) is in advanced talks with Japan's Kioxia. Long-running discussions on the topic of a merger between these storage / flash memory giants could precipitate a deal as early as mid-September, say the WSJ sources. It is thought that WDC would pay about US$20 billion in stock to close the agreement. WDC's share price was boosted nearly 8 per cent on Wednesday, fuelled by this report.