Western Data and Kioxia merger transaction announced termination
It is reported that the merger negotiations between Western Data Semiconductor's memory business and Kioxia Holdings in Japan have been terminated.
The goal of the two companies is to reach an agreement by the end of October. On Thursday, Western Data Company of the United States notified Kioxia that it will withdraw from negotiations due to the merger not being approved by an indirect shareholder of Kioxia.
The two companies were also unable to reach an agreement on the merger terms with Bain Capital, the largest shareholder of Kioxia.
Due to unfavorable factors of storage chips, the profits of Kioxia (formerly known as Toshiba Memory) and Western Data Company have both declined.
The two companies were also unable to reach an agreement on the merger terms with Bain Capital, the largest shareholder of Kioxia.
Due to unfavorable factors of storage chips, the profits of Kioxia (formerly known as Toshiba Memory) and Western Data Company have both declined.