Western Digital in advanced talks to merge with Japan's Kioxia Holdings

The companies could reach an agreement as early as mid-September, and Western Digital Chief Executive Officer David Goeckeler would run the combined firm, the report https://on.wsj.com/2Wn8KHC said.

NEW YORK: Western Digital Corp is in advanced talks for a potential US$20 billion stock merger with Japanese semiconductor firm Kioxia Holdings Corp, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The companies could reach an agreement as early as mid-September, and Western Digital Chief Executive Officer David Goeckeler would run the combined firm, the report https://on.wsj.com/2Wn8KHC said.