Bain Capital, LP is in talks with SK hynix Inc. (KOSE:A000660) to restart negotiations to merge memory chip makers Western Digital Corporation (NasdaqGS:WDC) and Japan's Kioxia Holdings Corporation, Kyodo newswire reported on January 27, 2024, citing unidentified sources. The South Korean chip maker is a rival to both companies and is also an investor in Kioxia. The merger talks, which have continued on and off since 2021, stalled in October because SK Hynix opposed the deal, citing the potential impact on the value of its investment in the Japanese company.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
77.17 USD | -0.80% | +1.85% | +47.36% |
Jun. 26 | Japan chipmaker Kioxia to file preliminary IPO application, sources say | RE |
Jun. 12 | Fox Advisors Raises Price Target on Western Digital to $100 From $95 | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
236,000 KRW | +2.61% | -0.21% | 118B | ||
77.17 USD | -0.80% | +1.85% | 25.2B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+47.36% | 25.2B | |
+46.43% | 26.57B | |
+81.38% | 21.04B | |
-15.71% | 1.79B | |
+43.90% | 1.01B | |
+5.13% | 893M | |
-46.57% | 516M | |
-3.50% | 459M | |
+121.34% | 388M | |
-21.28% | 381M |
- Stock Market
- Equities
- WDC Stock
- News Western Digital Corporation
- Bain Capital Reportedly in Talks with SK Hynix to Restart Western Digital-Kioxia Merger Talks