Thursday, December 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ICANN Targeted in Phishing Attack
BlackBerry Classic Makes Official Debut
LG, Samsung, To Dominate The TV Market in 2015
Renesas Develops 16nm FinFET SRAM
Sony Film Debut Canceled After Threats
New Nintendo Devices To Use 'free-form' LCDs
Sony Single-Lens OLED Display Module Turns Any Eyewear Into Smartglasses
Dutch Privacy Watchdog Probes Facebook
Active Discussions
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
 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
LG, Samsung, To Dominate The TV Market in 2015
Samsung Started Production of Apple A9 SoC in 14nm FinFET
Samsung Announces Annual Reorganization for 2015
Samsung Releases New 3-bit V-NAND 850 EVO SSD
Possible Samsung Galaxy S6 Specs Leak
Samsung Seeks to Toss $930 Million Award
Samsung To Sell Fiberoptics Business to Corning
Samsung to Test Tizen Phone in India
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Samsung Introduces EYECAN+ Mouse for People with Disabilities
Samsung to Phase Out Mobile App Service

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .