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SanDisk in merger talks with rivals

The California-based company, has a market capitalisation of about $12.6 billion.

SanDisk founder and CEO Eli Harari displ

 

Eli Harari’s SanDisk, flash memory storage devices and software, is in merger talks with at least two rival chip manufacturers, Micron and Western Digital, people familiar with the matter told FT.

The California-based company, has a market capitalisation of about $12.6 billion at Tuesday’s closing price.

SanDisk has hired a bank to explore a potential sale, Bloomberg reported, citing sources familiar with the matter.

Merger and acquisition activity in the tech sector has reached the highest level since the dotcom bubble of the late 1990s, hitting about $370bn in value, according to Reuters.

SanDisk has faced difficulties earlier this year after Its shipments to Apple started to decline last year. In 2013 Apple had been a fifth of SanDisk revenues.

 

READ MORE: SANDISK

Obama Presents National Medals Of Science And Technology And Innovation

Dr. Eli Harari, co-founder, and retired chairman and chief executive officer of SanDisk, was awarded the National Medal of Technology and Innovation by the National Science Foundation for his significant contributions More…

RAMOT TATA LOGO

– The Momentum Fund hopes to invest in 20-40 projects in the first quarter of 2014 in pharmaceuticals, healthcare, high-tech and physical sciences. – Ramot Tel Aviv University Ltd., the University’s technology More…

 

 

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