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Western Digital Shares Spike on Report It Nears Flash Memory Merger With Kioxia

Por: MarketWatch Business May 15, 2023

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Soft demand in the flash-memory market is increasing pressure on the two companies to reach a mergaer agreement, . Neither Western Digital nor Kioxia immediately responded to a request for comment. In midday trading, Western Digital shares were up 9.7% to $36.24. Last year, activist investor Elliott Investment Management the flash-memory business, and the company later said it was . Western, which along with rival (STX) dominates the market for... + full article



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