According
to MarketWatch Samsung is reportedly looking to acquire Sandisk – the flash
memory cards and multimedia player’s behemoth. Seems to be a perfect time as
Sandisk has lost 50% of its market capitalization since June 2008.
SanDisk stock price has plummeted from $56 to just over
$13 per share since this time last year and hence it looks like an ideal
premise for a bidding war to the investors.
Samsung is already a flash memory behemoth and with
Sandisk, it would acquire a great brand, an amazing patents portfolio,
additional revenues and much more. Certainly not a bad deal for either of the
companies at this price.
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