The deal could be valued at more than $20 billion and further reorder the global chip industry, according to the newspaper, which said an agreement could come as early as mid-September.
Western Digital would pay for the deal with stock and the combined company would likely be run by its Chief Executive, David Goeckeler, the people familiar told the newspaper.
The company’s shares declined 4% to $62.90 per share for a market cap of $19.3 billion after the news report.
Western Digital in Advanced Talks to Merge With Kioxia: WSJ
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