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By Owen Thomas Oct 20, 2008 3:20 PM 236

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Toshiba in $1 billion manufacturing deal with SanDisk

Japanese electronics conglomerate Toshiba has bought a portion of its flash-memory joint venture with SanDisk back from its partner, in a deal worth $1 billion. Some analysts think this makes SanDisk a more attractive buyout candidate for Samsung, which has twice offered $5.85 billion for the Silicon valley company. [WSJ]

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