News Banks Gear Up to Fund Western Digital's Buyout of Kioxia

[Admin]

Japanese banks are ready to finance buyout of Kioxia by Western Digital.

Banks Gear Up to Fund Western Digital's Buyout of Kioxia : Read more

 

[Amdlova]

that's MEHHHHHHHH! will born a new giant on market...

 

[Sluggotg]

I will have to keep an eye on my Western Digital Stock!

 

[cyrusfox]

that's MEHHHHHHHH! will born a new giant on market...

they have always been a joint venture... Was originally Sandisk/Toshiba, WD bought out sandisk, Toshiba became Kioxia due to the Fukushima nuclear disaster. Kioxia in terms of nand production and market has been shrinking, no consumer presence, only OEM and data center. WD has been doing well and expanding, makes sense for them to take over the JV.