News
 

Bookmark and Share

(0) 

Samsung Electronics, a leading maker of consumer electronics, reportedly intends to take over SanDisk Corp., a leading supplier of flash memory cards and other flash-based products.  The deal would create numerous market opportunities for Samsung, though, it is unclear whether the transaction is actually needed.

South Korea-based Edaily has reported that Samsung Electronics is seeking to acquire SanDisk and that Samsung has chosen JP Morgan Chase & Co. as an advisor for the purchase of the world's largest flash memory card maker, reportsMarketWatch. No actual details are given presently, but the deal would create a massive player, particularly in the retail.

Samsung is one of the leading producers of flash memory and it does need channels to sell its products in the retail. However, flash memory cards or USB flash-based drives are considered as commodities nowadays and brand-name of the supplier is hardly truly important.

“SanDisk periodically has conversations with multiple parties, including Samsung, rgarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation,” a statement by SanDisk reads.

Samsung did not comment on the report.

Tags: Samsung, SanDisk

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month