SK Hynix Says Won’t Agree to Western Digital-Kioxia Merger
- Its opposition introduces more uncertainty to a landmark deal
- Western Digital and Kioxia have talked for years about a combo
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SK Hynix Inc. declared its opposition to a merger of Kioxia Holdings Corp. and Western Digital Corp., introducing more uncertainty to a landmark US-Japanese deal years in the making.
The world’s No. 2 memory chipmaker, an indirect shareholder in the Japanese chipmaker, says the transaction undervalued its stake.