“Samsung Electronics has withdrawn its offer to acquire rival flash memory-maker SanDisk citing a lack of progress after six months of discussions between the two companies,” Martyn Williams and James Niccolai report for Macworld UK.
“The deal would have strengthened Samsung’s position as the number one maker of flash memory chips but could have been difficult to pull-off in part because SanDisk is closely allied with number two-maker Toshiba. Some analysts also expected anti-trust problems should Samsung have reached a deal,” Williams and Niccolai report.
“SanDisk reacted to Samsung’s announcement with a repeat of its assertion that it’s always been open to deal as long as it recognizes what the board considers fair value for the company,” Williams and Niccolai report.
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