Gaming PC

WD May Spin Off Flash Business and Merge It with Kioxia: Report

After months of negotiations, Western Digital and Kioxia are reportedly close to finalizing a merger agreement. bloombergciting a source familiar with the matter. The deal includes the separation of Western Digital’s NAND flash business and its integration with Kioxia.

The details of the merger remain confidential, but the report claims Western Digital shareholders will gain control of just over half of the combined company. The day-to-day management of the combined company is implied to be primarily led by Kioxia management. However, Western Digital executives will also play an important role.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button