Reuters: Kioxia and Western Digital speed up merger talks

May. 16, 2023 /SemiMedia/ — According to Reuters, Kioxia Holdings and Western Digital are speeding up merger talks and finalizing the deal structure.

According to the plan currently being formulated, Kioxia will own 43% of the shares after the merger, Western Digital will own 37% of the shares, and the remaining shares will be owned by the company’s existing shareholders.

For now, no decisions have been made by the companies, and details could change.

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