Samsung Electronics drops bid for SanDisk
Editor: Bruce Meng
22 Oct 2008 01:02:45 GMT
SEOUL, Oct 22 – Samsung Electronics Co Ltd, the world’s largest maker of memory chips, said on Wednesday that it was withdrawing its $5.9 billion bid for U.S.-based flash memory card maker SanDisk Corp
Samsung said the decision was due to poor earnings prospects at SanDisk, along with an uncertain outlook and the current financial crisis. (Reporting by Rhee So-eui)
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