Kioxia Seeks to Revive Merger Talks with Western Digital-Media

Japanese memory chipmaker Kioxia Holdings Corp. is exploring ways to revive merger talks with Western Digital Corp. after negotiations were suspended in October, Kyodo News reported.

Bain Capital, a major shareholder of Kioxia, is negotiating with SK Hynix Inc. for a resumption of talks, Kyodo said, citing people familiar with the matter, though the talks face several challenges.

SK Hynix, the world’s No. 2 memory chipmaker, is an indirect shareholder in Kioxia and opposes the merger, previously saying the transaction undervalued its stake.

To contact the reporter on this story:
Taiga Uranaka in Tokyo at turanaka@bloomberg.net

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