The merger talks between Kioxia and Western Digital were opposed by SK Hynix and it was reported that they have been suspended

The following is the rewritten content: According to news, Kioxia and Western Digital have been in merger negotiations since 2021. We have reported before that SK Hynix expressed opposition to this merger

According to foreign media "Nihon Keizai Shimbun",The merger negotiations between Kioxia and Western Digital have been suspended, and Western Digital's stock price has declined due to the The news dropped 12%.

▲ Picture source Nihon Keizai Shimbun

Western Digital notified Kioxia earlier today that it failed to acquire SK Hynix due to the merger Therefore, Western Digital will suspend merger negotiations. Foreign media also claimed that Western Digital chose to suspend merger negotiations largely because "SK Hynix is ​​an indirect shareholder of Kioxia."

On the issue of reaching agreement on conditions with major shareholders such as Bain Capital, the Kioxia Western Digital merger failed to succeed, except for SK Hynix

Related reading:

• 《Reversal: SK Hynix opposes the merger of Kioxia and Western Digital》

• 《(Update) SK Hynix denies "opposing Kioxia and Western Digital merger" Merge with Western Digital and seek assistance from SoftBank""

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