Sources: Western Digital plans to raise $3.09B by selling a Sandisk stake at $535-$555/share, a 9.4% discount to Tuesday's close; the offering is oversubscribed
Western Digital Corp. is seeking to raise $3.09 billion from the sale of a stake in Sandisk Corp., after the digital storage company spun off …
Sources: Western Digital plans to raise $3.09B by selling a Sandisk stake at $535-$555/share, a 9.4% discount to Tuesday's close; the offering is oversubscribed
Western Digital Corp. is seeking to raise $3.09 billion from the sale of a stake in Sandisk Corp., after the digital storage company spun off …
Japan plans to extend ~$1.64B in subsidies for Kioxia and Western Digital to expand memory chip production, after merger talks between the two stalled in 2023
Sam Nussey / Reuters :
Western Digital plans to split into two companies to focus on hard drives and flash memory, after the Western Digital-Kioxia merger collapsed; WDC jumps 12%+
Western Digital (WDC.O) said on Monday it would split itself into two companies that would focus on the hard drive and flash memory markets …
Kioxia investor SK Hynix isn't agreeing to the Kioxia-Western Digital merger “at this time” due to “the overall impact on the value of the company's investment”
- Its opposition introduces more uncertainty to a landmark deal — Western Digital and Kioxia have talked for years about a combo
Sources: SK Hynix refused to approve the merger of Kioxia and Western Digital, a blow to Bain Capital's ambitions of creating a US-Japan chip company
Financial Times :
Western Digital raised $900M from Apollo Global and Elliott, which sources say is a precursor to merging with Japan's Kioxia, as the memory chip sector shrinks
Western Digital Corp. is receiving a $900 million investment led by Apollo Global Management Inc., getting financial firepower …
Japanese chipmaker Kioxia Holdings and US-based Western Digital open a ~$6.79B flash memory fab in Japan's Mie Prefecture, amid a downturn for memory chips
Ryosuke Eguchi / Nikkei Asia :
Sources: how Bain-led bid for Toshiba chip unit won out, after Western Digital overplayed its hand with a lowball offer and an attempt to block sale to others
Sale of flash memory unit sparked a ferocious bidding war — Rift with Western Digital began with April clash in California