Friday, October 21, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
TSMC, GlobalFoundries/Samsung To Present Their 7nm CMOS Platforms At IEDM
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
AMD Revenue Forecast Falls Short of Estimates
Microsoft Cloud Strength Highlights First Quarter Results
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.

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 Exchange Galaxy Note 7 with New Galaxy S8
Samsung Could Use LG Chem batteries For Future Smartphones
Samsung Rolls Out First 10nm 8GB LPDDR4 DRAM Package
Samsung S3 Smartwatch Is Coming Next Month
Quick Benchmarks With The Samsung NVMe M.2 960 PRO SSD
Samsung' Next QLED TVs Will Be Launched Under The SUHD QLED TV Name
Samsung Starts Making 10nm SoCs, Gears Up For Galaxy S8
Samsung Launches The CFG70 Quantum Dot Curved Gaming Monitor
Samsung Introduces Galaxy TabPro S Gold Edition
Samsung Estimates Note 7 Recall to Cost At Least $5.2 Billion
Samsung Will Offers Note7 Owners A $100 Discount For A New Galaxy Phone
Samsung Slashes Earnings Guidance for Q3 2016 After Pulling Plug on Note 7 Smartphone

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .