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Samsung Pulls The Plug On SanDisk

Samsung Pulls The Plug On SanDisk

Late in 2008 Samsung offered $5.5 billion for the Company which was rejected after Company executives at the time claimed the offer was too low.

The announcement to walk away from theĀ  deal comes after the two companies signed a patent-licensing deal in May that heads off the threat of litigation between them in the flash-memory chip market.