In the parlance of today’s youth, Samsung could be said to be “all up in SanDisk’s grill.” But why? Why would a massive South Korean company with factories around the world be focused on a fairly small memory manufacturer with a total revenue of $3.9 billion? To put this into perspective, Samsung did $100 billion in 2007 which means Samsung has, in the common parlance, “more money than God.”
To recap, Samsung offered $26 a share for SanDisk and SanDisk politely refused. Here is what I think is going on.
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