Sansa Nation

Just like what happened the last time buyout rumors with Sansa maker SanDisk corp and Seagate were all over the web shares of SanDisk soared. Now that news of Samsung buying SanDisk are making their rounds shares of SanDisk corp have soared according to this article:

Shares of US memory chip maker SanDisk Corp soared more than 25 per cent early Friday after reports that it might be bought by Korean electronics giant Samsung.

SanDisk’s shares have dropped more than 45 per cent since the beginning of the year as the industry reeled from a market glut that has pulled down average selling prices.

Samsung said Friday that it was looking at ways to tie up SanDisk either through an acquisition or an alliance. “We are exploring all options, including a buyout and an alliance, but nothing has been decided at this time,” a Samsung statement said.

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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]

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Shares of SanDisk Corp. stock fell sharply after analysts said rumors of a takeover by Seagate Technology were untrue. SanDisk’s shares soared last week after the takeover bid rumors spread. Their stock fell 10.5 percent after the rumors were said to be untrue after many sold-off their shares. Rumors were going around that Seagate wanted to buy out SanDisk primarily for their SDD technology which Seagate sees as a risk to their hard drive business.

-Ray

[Source: forbes]

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