Samsung+SanDisk = ?

Samsung wants to buy SanDisk By Mike Pasini, The Imaging Resource.

The New York Times is writing today that Samsung Electronics has made an hudge $5.85 billion cash offer for SanDisk, the famous memory card manufacturer.

In an earlier Sept the company said, "SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation."

But in a letter released Tuesday, Eli Harari, SanDisk founder and chief executive, has not accepted the offer, saying it significantly undervalued the company and characterizing it as "opportunistically timed."