SK Hynix and Bain Capital effectively stopped Western Digital's acquisition of Kioxia.
  • imaginary_num6erOPBEnglish
    1·
    11 months ago

    Western Digital notified Kioxia about scrapping the possible transaction citing the failure to obtain approval from SK Hynix, a significant indirect shareholder of Kioxia, and disagreements over merger terms with Bain Capital, Kioxia’s main shareholder.