Due to the opposition of SK Hynix, it is reported that the armor and Western Digital have suspended merger negotiations.

CTOnews.com, October 26 (Xinhua) according to news from CTOnews.com on October 26, the merger of Knight-errant and Western Digital has been in talks since 2021. CTOnews.com reported earlier today that this merger has received opposition from SK Hynix.

According to the Nippon Keizai Shimbun, talks on the merger of Knight-errant and Western Digital have been suspended, and Western Digital's share price fell 12% on the news.

▲ Toyuan Nippon Economic News Western Digital informed Kaili earlier today that Western Digital will suspend merger negotiations because the merger has not been approved by SK Hynix. Foreign media also claimed that Western Digital chose to suspend merger negotiations, largely because "SK Hynix is the indirect shareholder of Leixia."

In addition to SK Hynix, the Knight-errant Western Digital merger also failed to agree on terms with major shareholders such as Bain Capital (Bain Capital).

Related reading: "reverse: SK Hynix opposes the merger of Armor and Western Digital"

"(updated) SK Hynix denies" opposing the merger of Xia Xia and Western Digital and asking Softbank Corp. for assistance "