Talks

Western Digital in Advanced Talks to Merge With Kioxia in $20 Billion-Plus Deal

Western Digital Corp. is in advanced talks to merge with Japan’s Kioxia Holdings Corp., according to people familiar with the matter, in a deal that could be valued at more than $20 billion and further reorder the global chip industry.

Long-running discussions between the companies have heated up in the past few weeks and they could reach agreement on a deal as early as mid-September, the people said. Western Digital would pay for the deal with stock and the combined company would likely be run by its Chief Executive, David Goeckeler, the people said.

There’s no guarantee Western Digital, which

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Chelsea to start Trevoh Chalobah contract talks after Thomas Tuchel takes him off the loan list

The Cobham academy star is set to fully graduate into the first-team this season after taking his chance under the Blues boss

Thomas Tuchel has met with Trevoh Chalobah to tell him that he is no longer available for loan and that he wants his future tied up at Chelsea.

Clubs like Lille, Valencia and Club Brugge have all expressed an interest in signing the 22-year-old defender on loan but are set to be knocked back.

Having had the meeting, the Blues chiefs now need to meet with his representatives to extend a contract that has less than two years

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NortonLifeLock in Talks to Buy Avast

NortonLifeLock Inc.

is in talks to buy cybersecurity firm

Avast

Plc in a deal that would expand the U.S. company’s focus on consumer software.

Avast said late Wednesday that the two were in advanced discussions about a cash-and-stock deal after The Wall Street Journal reported on the talks earlier Wednesday.

A deal could be completed this month, assuming talks don’t fall apart, according to people familiar with the matter. Avast has a market value of around £5.2 billion (around $7.2 billion). Assuming a typical deal premium, the deal could value the cybersecurity firm at more than $8 billion.

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