Western Digital, Kioxia Said To Aim For Merger Deal By August; The Deal Would Be Structured As A Tax-Free Spinoff Of Western Digital's Flash Business
Portfolio Pulse from Happy Mohamed
Western Digital and Kioxia are reportedly aiming to finalize a merger deal by August. The deal would be structured as a tax-free spinoff of Western Digital's flash business.
July 14, 2023 | 5:40 pm
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NEGATIVE IMPACT
Western Digital's potential merger with Kioxia could impact the competitive landscape for Seagate Technology.
As a competitor in the same industry, Seagate Technology could face increased competition if the merger between Western Digital and Kioxia goes through.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Western Digital is planning a merger with Kioxia, which would involve a tax-free spinoff of its flash business.
The merger with Kioxia could potentially strengthen Western Digital's position in the flash business market. The tax-free spinoff could also be financially beneficial for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100