Samsung considering buying SanDisk

"We are looking at various opportunities"


5 September 2008 10:02 GMT / By Amy-Mae Elliott

Samsung has said it is considering buying SanDisk, currently valued at $3.2 billion.

"We are looking at various opportunities regarding SanDisk, but nothing has been decided yet," a spokesman told Reuters.

Industry commentators are saying the buy could be bad news for Toshiba, whose shares have fallen on the news, as Toshiba is planning a partnership with SanDisk to double its chip production.

SanDisk said it "periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities."

Last month it was rumoured that Seagate was considering buying SanDisk.
Related
Full tags
Biz, Samsung, SanDisk, Acquisitions, Rumours

share print story pdf email story

Recommended articles

Search

Loading

Best iPad 2 apps

We detail the best iPad 2 and iPad apps in the app store Which iPad app should you download?

Windows 8

All the features and details of the new Microsoft operating system explained What's new in Windows 8?

iPad 3 rumours

What comes next? We look at the possible features, leaks, images, specs and more

Pocket-lint poll

Q. Will you be buying a PS Vita?

Vote YES Vote NO

» LAST TIME
When asked Will Samsung be making a mistake if the Galaxy S III isn't shown at Mobile World Congress in February? 51% said yes and 49% said no