Negotiations to merge Western Digital’s semiconductor memory business and Japan’s Kioxia Holdings have been terminated, according to Nikkei staff writers. The companies were aiming to reach an agreement by the end of October, but Western Digital notified Kioxia that it would exit the talks after the proposed deal failed to secure approval from SK Hynix, an indirect shareholder in Kioxia, and the sides were unable to agree on the merger’s conditions with Bain Capital, Kioxia’s top shareholder, according to the report.
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