Wednesday, June 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Dolby Atmos Coming to Netflix
Toshiba Delays Chip Unit Deal, Sues Western Digital
Qualcomm Debuts the Snapdragon Wear 1200 and the Snapdragon 450 Mobile Platforms
Samsung Launches ISOCELL Image Sensor Brand
Toshiba Announces 96-Layer 3D Flash Memory and 64-Layer QLC 3D Flash Memory
Western Digital Announces First 96-Layer 3D NAND Technology
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 22, 2008
Samsung Withdraws Proposal to Acquire SanDisk


Samsung on Wednesday withdrew its $5.85bn proposal to acquire all the outstanding shares of SanDisk citing the US flash memory card maker?s declining value amid the deepening industry downturn.

The S. Korean company has been making efforts to pursue an acquisition with SanDisk Corporation for last six months but both parties have not been able to reach an agreement. Sandisk last month rejected the unsolicited bid, saying it was too low.

"The decision to withdraw the proposal to acquire SanDisk Corporation at $26 per share was made in considerations of the growing uncertainties in SanDisk?s business, its stand alone value, and the current difficult economic environment," said Lee Yoon-woo, Samsung?s chief executive officer in a statement.

Through the deal, Samsung wanted to widen its lead in the Nand flash memory business over rivals such as Toshiba by acquiring SanDisk?s intellectual property rights and its brand value in the memory card business.

SanDisk shored up its takeover defences this week by selling 30% of the capacity in the manufacturing joint ventures with Toshiba to its Japanese partner.

Earlier this week, SanDisk reported an operating loss of a quarter billion dollars for a second straight quarter.

Samsung controls 42.3% of the Nand flash memory market, trailed by Toshiba with 27.5% and Hynix with 13.4%, according to market researcher iSuppli.


Previous
Next
Google Android Now Available As Open Source        All News        Lala Launches the Free Music Service Without Advertising
Computer Screens in China Go Black Under Microsoft's Anti-piracy Tool     General Computing News      Lala Launches the Free Music Service Without Advertising

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
Samsung to Open Home Appliance Factory in South Carolina
Samsung Bundles a 24" USB-C monitor With Galaxy Book
Samsung Goes Retro With the Galaxy Folder 2 Flip Phone
Samsung Begins Mass Production of Exynos i T200 IoT Chip
Samsung Galaxy Note 8 Launches in August
Samsung Display to Break Ground for New OLED Plant
Samsung Ramps up 64-Layer V-NAND Memory Production
Samsung Galaxy S8 and Galaxy S8+ Unlocked by Samsung Now Available in to More U.S. Resellers
Samsung Chips Set to Beat Intel in Q2

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .