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Mergers: Western Digital can merge with Kioxia
  • Vitaliy_KiselevVitaliy_Kiselev

    Western Digital is in preliminary merger talks with Japan's Kioxia, according to the Wall Street Journal, citing industry sources. According to the publication, the potential deal is estimated at $ 20 billion.

    Kioxia, previously part of Toshiba under the name Toshiba Memory, was acquired in 2018 by a group of companies led by private equity firm Bain Capital for about $ 18 billion. Toshiba currently owns a 40 percent stake in Kioxia.

    Negotiations between Western Digital and Kioxia have moved into an active phase in recent weeks. The deal could be announced in mid-September. Western Digital is expected to pay for the takeover of Kioxia in shares, with David Goeckeler, the current CEO of Western Digital, taking over the combined company.

    According to analysts, the merged company has a chance to take a 30-35% share in the flash memory market and begin to fight for leadership in it with Samsung.

  • 2 Replies sorted by
  • gamangaman

    I think in the next 15 years Japan will be deprived of most of its hi tech electronic companies. It is interesting to note what a top brass Panasonic manager said few weeks ago: they are freeing up capitals to then acquire other "assets" on the market. Buy profitable chinese companies could be the only way to keep the japanese ones afloat...

  • Vitaliy_KiselevVitaliy_Kiselev

    @gaman

    It can be not Chinese, but Vietnamese and Indian.

    Chinese huge issue is energy and other stuff. It was also why US chose Japan after WWII, because country can be controlled fully being totally deficient. Now we see fight for control on external resources.

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