The battle to acquire SanDisk could be a two-way contestwith Toshiba’s name coming back into the frame as a possible buyer.
Samsung has already tabled an offer, which was rejected bySanDisk, and expectations are rising that Toshiba will buyout the share of itsjoint-venture partner.
But the state of its finances could continue to be a blockon Toshiba’s ambitions. Last month the vendor revealed it was heading for anoperating loss for its first half of the year.
According to reports in the Financial Times a change ofheart by Toshiba would be designed to scupper Samsung’s chances of takingcontrol of SanDisk to protect its own position in the market.
The SanDisk bidding war was started by Samsung after the largest Nandflash manufacturer tabled an $5.85bn bid. At the close of last week shares in SanDisk soared amidexpectations that Samsung would follow-up its original offer with a higher price.
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