KIOXIA To Close Merger Deal with Western Digital Very Soon

KIOXIA and Western Digital are best for their storage products which many of us are likely using in our rigs as they both offer good storage solutions. Recent news has come forward from kyodonews.net (Via TPU) that the two companies are close to closing a merger deal.

WD and KIOXIA Merger

The two companies are expected to be closing a merger deal as early as the end of the month. The deal will leave Western Digital shareholders owning more than 50 percent of the company with Kioxia shareholders holding the remaining stakes. This deal does of course have to face up against market authorities, especially with the highly volatile nature of the global semiconductor market a the moment as the move could have quite an effect on competition. It is also claimed that Japanese megabanks including MUFG and the Development Bank of Japan have been considering providing loads of up to 1.9 Trillion Yen (£10.4 Billion) to expedite the merger.