Following months of negotiations, Western Digital and Kioxia are on the brink of finalizing a merger agreement, according to Bloomberg, which cites sources with knowledge of the matter. The agreement involves spinning off Western Digital's NAND flash business and combining it with Kioxia.
The merger details remain confidential, but the report claims that Western Digital shareholders would gain control of slightly more than half of the joined company. As for the daily management of the combined entity, it has been suggested that it will be led primarily by Kioxia's executive team. However, Western Digital executives would also play a significant role.
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