Western Digital raised $900M from Apollo Global and Elliott, sources say as a precursor to a merger with Japan's Kioxia, as the memory chip industry struggles (Bloomberg)

Bloomberg:
Western Digital raised $900M from Apollo Global and Elliott, sources say as a precursor to a merger with Japan's Kioxia, as the memory chip industry struggles  —  Western Digital Corp. is receiving a $900 million investment led by Apollo Global Management Inc., getting financial firepower …