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Samsung Retracts Bid for SanDisk

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Oct 22, 2008, 7:44 AM by Eric M. Zeman

Samsung has officially withdrawn its $5.9 billion takeover bid of SanDisk, maker of flash memory products. Samsung cited economic uncertainties and a poor outlook for growth at SanDisk as reasons for retracting the bid. SanDisk recently reported a quarterly loss.

New York Times »

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