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Friday September 5, 2008
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Who couldn't use a bit more memory? Samsung, the largest global producer of Flash memory, apparently does. The company announced today that it's considering purchasing card-maker SanDisk.
"We are exploring all options, including a buyout and an alliance, but nothing has been decided at this time," said Samsung in a statement.
According to Market Watch, Samsung currently pays up to $500 million to SanDisk yearly to cover the company's Flash memory patents.
The news of the potential acquisition pushed SanDisk share up more than 25 percent this morning.
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