Kioxia has reached out to JIC to invest in merger with Western Digital

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Kioxia has reached out to JIC to invest in merger with Western Digital
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Masstown farmer launches pumpkins over a kilometre for charity | SaltWireTOKYO - Kioxia Holdings has reached out to state-backed Japan Industrial Partners to invest in a planned merger of its flash memory business with that of Western Digital, Bloomberg News reported on Friday, citing people familiar with the matter.

Japan's top banks are set to commit to 1.9 trillion yen in financing to support the merger, Reuters reported on Thursday.

 

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Kioxia Is Said to Approach JIC to Back Western Digital MergerKioxia Is Said to Approach JIC to Back Western Digital Merger(Bloomberg) -- Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp...
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Kioxia Is Said to Approach JIC to Back Western Digital MergerKioxia Is Said to Approach JIC to Back Western Digital MergerKioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.
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