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October 22, 2008 · 7:09AM

Samsung Drops SanDisk Bid

Samsung decided to take its $5.85 billion offer for SanDisk off the table, citing the glut in inventories driving down flash memory chip prices (and SanDisk’s second straight period of quarter-billion dollar operating losses) and stalled negotiations between the companies. (FT)

Categories: Business & Finance Today · Information Technology

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