News Snapshot:
Negotiations for Western Digital Corp to merge with Japanese chip maker and partner Kioxia Holdings have been stalled in the past few weeks, two people familiar with the matter told Reuters. Negotiations were stalled on valuations, approvals from the Japanese government, and concerns about ongoing strategic reviews at Kioxia’s shareholder Toshiba, sources said. In early August, Reuters reported that Western Digital was in preliminary talks about a possible $ 20 billion stake in Kioxia as a move to create a NAND memory giant comparable to Samsung Electronics. Kioxia, which Toshiba sold to a Bain Capital-led consortium in 2018, shelved its...
