We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
WDC 48.75+0.9%11:36 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
From: Sam4/1/2021 7:07:06 PM
1 Recommendation  Read Replies (1) of 4773
When It Comes To Any Deal, '$30B For Kioxia Is Rich' Says Wedbush -- Market Talk
Dow Jones Newswires April 01, 2021 03:55:00 PM ET

1555 ET - Wedbush sees the potential purchase of NAND chipmaker Kioxia as a possible near-term negative for Micron, despite positive industry implications of consolidation. WSJ reports that Micron and Western Digital are each separately exploring a possible deal for Kioxia--the former Toshiba memory business--that could value the Japanese company at around $30B. "We believe $30B for Kioxia is rich," says Wedbush, "and could prove to be a distraction particularly given some uncertainty, in our view, as to whether China would approve any such combination."Wedbush adds that while a Kioxia deal would make strategic sense for Western Digital, "we struggle to see how such a deal would be constructed in light of WD's current debt load and relative market cap." ( ; @mjarmental)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext