Samsung has withdrawn its proposal to acquire SanDisk...it launched a public bid for $26 per share in cash last month. The memory card maker rejected the bid right after, and it was only a matter of time before Samsung had to cave in, considering the current economic climate (not conducive to public takeovers), and of course SanDisk’s less-than-stellar earnings yesterday.http://www.paidcontent.org/entry/419-samsung-withdraws-bid-for-sandisk/
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