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• In September of 2008, Samsung announced that they were considering buying SanDisk, a company that produces flash memory cards. SanDisk rejected an offer to sell the company for $26 per share, or $5.8 billion, saying it was too low.The Tech Beat: Samsung Goes Hostile in Bid For... SanDisk A deal between the two could mean trouble for Samsung competitor and SanDisk partner Toshiba.The New York Times: Samsung Considers Deal for SanDisk

  Samsung went public with a hostile bid for SanDisk on September 16, 2008, after four months of failed negotiations.VentureBeat: Samsung makes a hostile $5.8 billion offer for SanDisk SanDisk is in negotiations to avoid the takeover by making a strategic deal with Toshiba.VentureBeat: Updated: SanDisk may escape Samsung hostile takeover through a deal with Toshiba

• Fast Facts

  1. SanDisk valued at $3.2 billionThe New York Times: Samsung Considers Deal for SanDisk
  2. SanDisk shares rose 30% after announcementBloomberg.com: SanDisk Shares Surge as Samsung Considers Acquisition
  3. Samsung shares rose 3%The New York Times: Samsung Considers Deal for SanDisk
  4. SanDisk did not comment on the situation

• Samsung SanDisk Quotes

  "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."—SanDiskBloomberg.com: SanDisk Shares Surge as Samsung Considers Acquisition

  "We are looking at various opportunities regarding SanDisk, but nothing has been decided yet."—James Chung, Samsung spokesmanThe New York Times: Samsung Considers Deal for SanDisk

• Related Pages on Mahalo

  Samsung | SanDisk | Toshiba | Apple | Cell Phones | Digital Cameras

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