It turns out from SanDisk's recent financial report that during the July-September 3-month period they had a loss of a quarter billion dollars, which has been followed by layoffs. After publishing the report, Samsung has withdrawn its offer of buying the company. Samsung had offers of acquiring the company many times last year at a price of $26 USD/share, that is a total value of 5.9 billion dollars, but SanDisk didn't find this acceptable, and turned the offer down in September, referring to investor interests. The leadership of Samsung still believes that the cooperation of the two companies could have yielded a very strong presence on the market, and probably the investors would also have been happier about that instead of the current loss of 250 million dollars. Anyway, due to the poor results of SanDisk, the financial uncertainty and the confusion of the company's leadership, Samsung, prioritizing investor interests, has withdrawn their original acquisition offer of $26 dollars per share.
Translated by Szaszati
