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Telecomunicaciones y tecnología

SanDisk tumbles as Samsung scraps bid


    NEW YORK (Reuters) - Shares of SanDisk Corp plunged by more than 25 percent to $11.01 before the bell on Wednesday after Samsung Electronics Co Ltd , the world's top memory chip maker, withdrew a $5.9 billion unsolicited bid for the flash memory card maker.

    Samsung cited the U.S. company's deepening losses and uncertain outlook.

    (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)