Sandisk Rejects Samsung Takeover Offer

Posted: Sep 17 2008, 1:10am CDT | by , Updated: Aug 11 2010, 10:35am CDT, in News | Technology News

 
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Samsung made a public offer yesterday to buy SanDisk for $5.8 billion in cash after negotiations failed.
Sandisk rejected the offer and describes it as undervalued and opportunistic.
This deal would mark the largest acquisition by Samsung and also the largest purchase of a South Korean company in the United States.
The Sandisk acquisition would give Samsung a break on the Flash memory technology royalties it has to pay to Sandisk each year. Apparently those fees are into the several hundred million dollar range.
More details on the WSJ.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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