{"id":549716,"date":"2006-08-01T12:07:34","date_gmt":"2006-08-01T12:07:34","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/549716-sandisk-buys-out-competitor.html"},"modified":"2006-08-01T12:07:34","modified_gmt":"2006-08-01T12:07:34","slug":"sandisk-buys-out-competitor","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/549716-sandisk-buys-out-competitor.html","title":{"rendered":"SanDisk buys out competitor"},"content":{"rendered":"<p><font size=\"2\">SanDisk said the takeover of msystems, which specialises in flash memory that stays embedded in mobile telephones and other devices, would broaden its product mix. <\/font><\/p>\n<p><font size=\"2\">&quot;This strategic acquisition will give us the critical mass and complementary products, customers, channels, technology and manufacturing base to take our shared vision to the next level,&quot; SanDisk chief executive Eli Harari said. <\/font><\/p>\n<p><font size=\"2\">SanDisk&#8217;s own focus is on portable storage cards for products including computers and digital cameras. <\/font><\/p>\n<p><font size=\"2\">The companies hope to close the deal in the fourth quarter of this year, subject to regulatory approval and agreement by the Israeli courts. <\/font><\/p>\n<p><font size=\"2\">Each msystems ordinary share will be converted into 0.76368 of a share of SanDisk common stock, representing a 26-percent premium over the average closing price of msystems&#8217; shares for the last 30 trading days. <\/font><\/p>\n<p><font size=\"2\">In late afternoon trade on the Nasdaq exchange, msystems shares rocketed 4.14 dollars (13.02 percent) to 35.93. SanDisk stock fell 59 cents (1.25 percent) to 46.55 dollars. <\/font><\/p>\n<p><i><font size=\"2\">INet-Bridge<\/font><\/i><\/p>\n<p><em \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SanDisk Corp., the world&#8217;s biggest maker of removable flash memory, is buying Israeli competitor msystems Ltd. in an all-stock deal worth about 1.55 billion dollars. <\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-549716","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549716"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=549716"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/549716\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=549716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=549716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=549716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}