Western Digital in talks to merge with Japan's Kioxia -source


The logo of Western Digital Corporation is displayed at the companys headquarters in Tokyo Japan May 27 2019. REUTERSYoshiyasu Shida

The logo of Western Digital Corporation is displayed at the company's headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida

(Reuters) -U.S.-based Western Digital Corp is in advanced talks for a potential $20 billion stock merger with Japanese chipmaker and partner Kioxia Holdings Corp, a person familiar with the matter told Reuters.

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 source said, who requested anonymity to discuss confidential matters.

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