'Western Digital and Kioxia scrap memory merger talks' -Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
Western Digital and Kioxia have ended their merger discussions, according to Nikkei Asia. The companies had been in talks about a potential merger to consolidate their memory chip businesses.
October 26, 2023 | 2:22 pm
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Western Digital's potential merger with Kioxia has been called off. This could affect Western Digital's position in the memory chip market.
The termination of merger talks between Western Digital and Kioxia could potentially impact Western Digital's strategic positioning in the memory chip market. This could lead to a negative short-term impact on the company's stock.
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