Sansa Nation

We just reported earlier that Samsung sent their proposal to SanDisk, in which Samsung will buy SanDisk for $26 per share. Well it looks as if this takeover might not happen. SanDisk didn’t take Samsung’s threat kindly and rejected the Samsung offer by saying that Samsung “significantly undervalues SanDisk given the long-term prospects of its business” and “does not reflect the value of the substantial synergies that Samsung can attain from an acquisition of SanDisk as shown by Samsung’s indication that it might be willing to pay a significant premium to the SanDisk $28.75 per share closing price on May 22, 2008″. Samsung has been interested in SanDisk due to their expertise on flash memory and their valuable patents, but after this rejection, the hostile takeover seems very unlikely. Please stay tuned as more information comes our way.

- Geoff

[Source: TrustedReview]

Popularity: 5% [?]

With all the rumors of Samsung buying SanDisk SanDisk has issued the following response:

MILPITAS, Calif. –(Business Wire)– In response to media reports, SanDisk(R) Corporation (NASDAQ:SNDK), the world’s largest supplier of flash storage card products, has 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.”

-Ray

[Source: hdvoice]

Popularity: 3% [?]

The largest maker of flash memory chips in the world Samsung is thinking of buying memory card rival SanDisk. This isn’t the first time rumors of a SanDisk buyout were heard, recently it was thought SeaGate was to buy SanDisk to gain more of the solid-state drive market share. Samsung pays SanDisk about $500 million a year in royalties thanks to SanDisks patents on most of the memory chip technology on the market, this may be a major reason for the buyout. If you own SanDisk then you won’t have to fork out all the money for royalties. This buyout might not be a good idea for Samsung however as they would hold so much market share that an anti-trust case could be made against them.

-Ray

[Source: marketwatch]

Popularity: 3% [?]