The Western Digital logo is displayed outside the company’s factory in the Free Industrial Zone of Bayan Repas in Penang, Malaysia.
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Reported transactions come Only a few months after the newspaper reported Both Western Digital and chip makers Micron Technology I was considering a potential transaction with a Japanese company. The deal would have valued Kioxia at around $ 30 billion, the journal reported.
A Western Digital spokeswoman declined to comment on the report.
The deal, which Western Digital is reported to pay for shares, could close as early as mid-September, according to people familiar with the matter. People added that CEO David Geckerer is likely to continue to run the company.
https://www.cnbc.com/2021/08/25/western-digital-shares-soar-following-20-billion-merger-report.html Western Digital shares soared following a $ 20 billion merger report