Shares of Western Digital Corp. WDC were up more than 6% in premarket trading Thursday after Bloomberg News reported that the company had reignited merger talks with Kioxia, a Japanese memory manufacturer. The story, which came out late Wednesday, said that the talks between the two companies are in the early stages and may not ultimately lead to a merger. Western Digital and Kioxia are already involved in a joint venture together, according to the report. MarketWatch has reached out to Western Digital for comment. Shares of Western Digital have lost half their value over the past 12 months.
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