Diversified or Inorganic or what - Consolidation, MNA
South Korea’s Samsung Electronics said on Friday it was considering buying, or forming a strategic alliance with, SanDisk to strengthen its dominance of the digital memory storage market.
The South Korean company is the world’s top producer of flash memory chips, used in portable digital gadgets, and has been considering ways to combat weak chip prices, which are affected by oversupply.
Analysts estimated that Samsung would be able to buy a 51 per cent controlling stake in SanDisk for up to Won1,500bn ($1.3bn). SanDisk shares have plunged almost 60 per cent this year as it fell victim to the industry downturn. The US company has a market value of about $3.2bn.........
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