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Multiple parties interested in SanDisk?

Posted on Tuesday, September 23 2008 @ 03:00:40 CEST by

SanDisk turned down a takeover bid from Samsung last week and according to FUD Zilla we may get a bidding war as several other firms are interested in SanDisk as well. The site believes Intel and Seagate are interested in SanDisk:
Our latest from our contacts seems to indicate that both Intel and Seagate are giving SanDisk the once over; and now have an interest in perhaps joining what might become a bidding war to acquire the flash memory power house.

While some of our sources feel that the Samsung offer was an overture made to try to capitalize on a lower than real value stock price due to a drop in the U.S. market, others are suggesting that SanDisk may, in fact, be overestimating the true value of the company.

We are hearing that both Intel and Seagate may have at least some interest in a possible purchase of SanDisk. While it seems that both companies have gone quiet over the possibility of laying their hands on SanDisk, these rumors continue to gain steam.



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