The battle to acquire SanDisk could be a two-way contest with Toshiba’s name coming back into the frame as a possible buyer.
Samsung has already tabled an offer, which was rejected by SanDisk, and expectations are rising that Toshiba will buyout the share of its joint-venture partner.
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But the state of its finances could continue to be a block on Toshiba’s ambitions. Last month the vendor revealed it was heading for an operating loss for its first half of the year.
According to reports in the Financial Times a change of heart by Toshiba would be designed to scupper Samsung’s chances of taking control of SanDisk to protect its own position in the market.
The SanDisk bidding war was started by Samsung after the largest Nand flash manufacturer tabled an $5.85bn bid. At the close of last week shares in SanDisk soared amid expectations that Samsung would follow-up its original offer with a higher price.