Samsung withdraws bid for SanDisk, hurts with words (Engadget)
Filed under: Storage Citing SanDisk's "rapidly declining prospects," Samsung has withdrawn its hostile takover bid . In a letter just released by Vice Chairman and CEO Lee Yoon-woo, Samsung writes, "After nearly six months of efforts to pursue a transaction with no meaningful progress, we are withdrawing our proposal to acquire SanDisk." The letter then turn a shade more nasty with ... [News Source]