The news was first reported by news site PaidContent, which cited local Korean news reports and company sources. The report suggests that Samsung would make the deal in part to eliminate annual royalty fees it pays to SanDisk that are as high as US$353 million annually.
If it were to go through, the deal would also boost Samsung's reach within the flash memory industry and could strike a blow to rival Toshiba, which has a history of partnering with SanDisk.
The deal could also help Samsung in the consumer electronics market. Sandisk's Sansa MP3 player lines and flash storage products could compliment Samsung's own products.
This is not the first time SanDisk has been tied to acquisition rumors. Last month, the company was said to be in talks with hard drive vendor Seagate.
Samsung may take over SanDisk
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