Hasta La Gadget!

Sorry, Sandisk: Samsung has moved on with its life. The Korean electronic company has backed away from plans to acquire the Northern Californian chipmaker; the two companies have had a working relationship for some time. Last year, Samsung announced plans to buy the company for $5.85 billion, an offer that Sandisk believed undervalued its worth.

“We are no longer planning to pursue the acquisition as there has been no progress since we withdrew our offer as of Oct. 22, 2008,” Samsung said in a recent filing with the Korea exchange. Samsung has largely remained silent since first announcing its intentions late last year.