Sandisk, Samsung and Toshiba: continued
Received an unexpected continuation of the story with the attempt of Samsung to buy Sandisk .
As I wrote earlier, Toshiba does not have the money to make a counter offer to buy, which they officially stated. But in order not to give the enemy everything at all, the Japanese did it smarter: they buy out their shares in the joint factories with Sandisk.
This is done, apparently, in order to secure their production secrets and to preserve the influence on production, in case Koreans still acquire Sandisk.
Having received money from the Japanese, Sandisk will be able to restore its precarious position for a short time (the company has a lot of debts, and it is difficult to refinancing now, to say the least). At the same time, the total price of the company in this case will fall, and it will become even more attractive for Koreans (let me remind you that they wage war not so much for production facilities as for a thick portfolio of patents: now Koreans pay Sandisk from 300 to 500 million patent deductions in year).
So Samsung, taking a wait and see attitude after its offer, seems to be a winner. However, not everything is so simple: In South Korea, an economic crisis is brewing, which may turn out to be worse than 1997, therefore, it is quite possible that in 2009 Samsung will think more about surviving in a financial storm, and not about acquiring assets. Wait and see.
As I wrote earlier, Toshiba does not have the money to make a counter offer to buy, which they officially stated. But in order not to give the enemy everything at all, the Japanese did it smarter: they buy out their shares in the joint factories with Sandisk.
This is done, apparently, in order to secure their production secrets and to preserve the influence on production, in case Koreans still acquire Sandisk.
Having received money from the Japanese, Sandisk will be able to restore its precarious position for a short time (the company has a lot of debts, and it is difficult to refinancing now, to say the least). At the same time, the total price of the company in this case will fall, and it will become even more attractive for Koreans (let me remind you that they wage war not so much for production facilities as for a thick portfolio of patents: now Koreans pay Sandisk from 300 to 500 million patent deductions in year).
So Samsung, taking a wait and see attitude after its offer, seems to be a winner. However, not everything is so simple: In South Korea, an economic crisis is brewing, which may turn out to be worse than 1997, therefore, it is quite possible that in 2009 Samsung will think more about surviving in a financial storm, and not about acquiring assets. Wait and see.
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Source: https://habr.com/ru/post/42867/
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