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09-16-2008, 08:11 PM   #1
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Samsung Electronics Makes $5.85 Billion Hostile Bid for SanDisk

Interesting News from the Bloomberg website RE: Samsung hostile takeover of Sandisk - building a commanding position in the DSLR marketplace; cash flow from SanDisk can support R&D, marketing, distribution and loss-leading high-end products just as laser printer engine licenses and royalties do for Canon.

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Sept. 17 (Bloomberg) -- Samsung Electronics Co., the world's second-largest chipmaker, made a $5.85 billion hostile bid for SanDisk Corp. of the U.S. in what would be the South Korean company's biggest acquisition.

Samsung offered $26 in cash for each SanDisk share, or 73 percent more than the memory-card maker's latest closing price, Suwon, South Korea-based company said in a statement. SanDisk, based in Milpitas, California, said its board rejected the offer.


Link to Bloomberg for full article Bloomberg.com: Asia

09-16-2008, 10:26 PM   #2
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Every pentax to now have 16gig internal memory? lol
Or comes with a free 256 SD card again. (remember when DSLR's came with a memory card that could hold like 5 photos? What do you do with all thoes old 15mb-ish CF cards?
09-17-2008, 01:41 AM   #3
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QuoteOriginally posted by BrendanPK Quote
Every pentax to now have 16gig internal memory?

That would actually be a great idea! Some ultra-fast memory that writes @ 20 mb/s or something. Good for sports, if you couple it with a wireless transmitter.
09-17-2008, 06:27 AM   #4
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IIRC, the bid was made earlier this month, and now has been rejected.

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