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Samsung wants to buy SanDisk

Posted on Saturday, September 06 2008 @ 02:06:54 CEST by

A South Korean business newspaper claims Samsung is trying to acquire flash memory card maker SanDisk.
"We are considering various opportunities regarding SanDisk but nothing has been decided," Samsung spokesman James Chung said. He did not elaborate.

"SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities," the company said in statement. "We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation."

The online paper edaily said on its Web site that Samsung chose J.P. Morgan as an adviser for the acquisition about one month ago, citing investment banking and semiconductor industry officials it did not identify.



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