Samsung wants to apparently buy off flash memory makers Sandisk. Such a move would consolidate its share of the flash memory market. Samsung is currently the main chip supplier for Sandisk so a relationship is already there. According to Sandisk spokesmen:

Sandisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.

So does this mean “yes, we are going to be bought out by Samsung but we don’t want to tell you guys” or what?

To further strengthen rumors it appears that J. P. Morgan has been hired as an adviser for the deal as Samsung would want to close the purchase within six months.