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Samsung Stalks SanDisk

The Flash specialist could be a $1.3B acquisition target for Samsung, according to media reports
September 06, 2008

Flash vendor SanDisk is a $1.3 billion acquisition target for Samsung, according to media reports today, as the Korean electronics giant looks to boost its storage presence.

South Korean online news service edaily reported that Samsung is considering either acquiring SanDisk or forming a strategic alliance with SanDisk, underlining the growing importance of Flash technology in the storage market.

In a statement released earlier today, SanDisk refused to confirm or deny the Samsung rumors.

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

The Korean chip giant was equally noncommittal in a statement emailed to Byte and Switch today. “Samsung is considering various opportunities, but nothing has been decided yet,” wrote a company spokesman.

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