Tuesday, September 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple To Work With Cisco On Enterprise Environment; said To Prepare Own Original Programming
Qualcomm Snapdragon 820 Processor To Geature Mobile Anti-malware Technology
WD My Cloud OS 3 Makes Cloud Storage More Personal
Samsung's Circular Gear S2 Smartwatches Unveiled
Android Wear Comes To iPhones
NVIDIA GRID 2.0 Launches
New LG Luxurious Urbane Smartwatch To Appear at IFA
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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's Circular Gear S2 Smartwatches Unveiled
Samsung Used TSMC's Technology To Prevail In Chip Manufacturing Race
Samsung To Accelerate Chip Production
Samsung Announces New Wireless Audio 360 Speakers
Samsung Says Users Should Follow The Manual With Galaxy Note 5 Stylus
Samsung To Give iPhone Users The new Galaxy Smartphones
New Galaxy Note 5 Phablet Has The Best Display: report
Samsung Offers USB Flash Drive Family
Samsung Introduces Level On Wireless Pro Headphones
New Samsung Galaxy Note 5 and S6 Edge Plus Phablets Unveiled
SanDisk Releases New SATA SSD CloudSpeed Ultra Gen II SSD
Samsung Rolls Out Line-up of V-NAND SSDs For Data Centers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .