Samsung working to acquire SanDisk

Sep 5th, 2008 | By Rosh PR | Category: General

Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp., a South Korean online business newspaper reported Friday.

Both Samsung and SanDisk neither confirmed nor denied the report. “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.”

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