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Samsung want to acquire Sandisk, report claims

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Posted September 7, 2008 by admin in News

Both Samsung and SanDisk neither confirmed nor denied the report. But SanDisk’s shares climbed more than 31 percent Friday.
“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,” SanDisk said in a 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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