WSJ News Exclusive | Western Digital Reaches Settlement With Activist Investor Elliott

Company says it will consider alternatives including a split of traditional hard drives from flash memory

Western Digital formed units for hard drives and flash memory two years ago, a move some saw as a precursor to a split.Updated June 7, 2022 9:51 pm ET Western Digital Corp. reached a settlement with activist investor Elliott Management Corp. that calls for the $19 billion company to consider splitting into two.

The company said in a statement that it would consider strategic alternatives including a separation into businesses focused on traditional hard drives for computers and flash memory, respectively, confirming an earlier report by The Wall Street Journal.

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