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Samsung courts Sandisk, promises mercy

Friday, September 5th, 2008 | Fun Tech

Samsung is reportedly looking into the acquisition of SanDisk Corp. A union of two Flash memory giants sure to get the attention Toshiba (SanDisk’s partner-in-NAND) and that of anti-trusters from Korea to Intel. To makes matters even more interesting, Seagate was also courting SanDisk whose stock price has plummeted from to just over per share since this time last year. Hey investors, sounds like an ideal premise for a bidding war to us. Then again, we only took Econ101 to sit in a room with real live girls.

In a comment on this market rumor and speculation, SanDisk just issued the following statement:

“SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.”

[Thanks, Genesis]

Read — Samsung’s advances
Read — SanDisk’s response

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