U.S. flash memory maker SanDisk Corp rejected a near-$6 billion offer from global market leader Samsung Electronics Co Ltd, but said it would not rule out a deal at a better price. Buying SanDisk would expand Samsung's flash memory market share at a time when the industry is battling steep price falls in memory chips because of over-production. The South Korean firm also pays SanDisk over $350 million a year in royalty payments to use patented flash technology. A takeover would cut those costs. (source: sandisk.com)
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