Micron, Western Digital each exploring possible deal for Japanese chip maker Kioxia

Micron Technology Inc and Western Digital Corp are individually exploring a potential deal for Kioxia Holdings Corp that could value the Japanese semiconductor firm at around $30 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

A deal for Kioxia, which is controlled by private-equity firm Bain Capital, isn’t guaranteed, and it isn’t clear how it might be structured, the report said, adding that should a deal come together, it could be finalized later this spring. (on.wsj.com/3rCJjvd)

Kioxia Holdings Corp, the world’s second-largest maker of flash memory chips, had last year shelved plans for what would have been Japan’s largest initial public offering in 2020… Full article on Reuters

Source: https://www.reuters.com

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