Bain in talks with SK Hynix to restart Western Digital-Kioxia merger talks – Kyodo

Bain Capital is in talks with SK Hynix to restart negotiations to merge memory chip makers Western Digital and Japan's Kioxia Holdings, Kyodo newswire reported on Saturday, citing unidentified sources. The South Korean chip maker is a rival to both companies and is also an investor in Kioxia. The merger talks, which have continued on and off since 2021, stalled in October because SK Hynix opposed the deal, citing the potential impact on the value of its investment in the Japanese company.