# Phison Electronics to acquire 49% stake in Sony subsidiary Nextorage

Phison Electronics plans to acquire a 49% stake in Nextorage, a subsidiary of Sony Storage Media Solutions, for an undisclosed sum.

- Type: Acquisition
- Announced: 2020-06-19
- Where: Japan
- Status: announced
- Products: flash storage controllers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Phison Electronics Corp](https://endata.com/companies/24952.md) (acquirer)
- [Nextorage](https://endata.com/companies/47993.md) (target)
- [Sony Storage Media Solutions](https://endata.com/companies/47994.md) (partner)

## Sources

- [apps.digitimes.com](https://apps.digitimes.com/news/a20200619PD213.html), 2020-06-19: "Phison Electronics plans to acquire a 49% stake in Nextorage, a subsidiary of Sony Storage Media Solutions (SSMS), for an undisclosed sum."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.