Could the possible Samsung-SanDisk buyout be finalized in the next couple of weeks?  If you've been paying attention to media reports and SanDisk executives, the answer is no, as the deal faces numerous hurdles.

The news that Samsung Electronics wants to purchase SanDisk excited some consumers, but left most people anxious and confused about the proposed multi-billion deal.  A few CDFreaks' readers e-mailed us and wanted to learn a bit about some of the potential hangups of the deal, and ramifications if the deal eventually passes.

Samsung publicly offered $5.8 billion for SanDisk, with mixed reception to the buyout offer.  Along with trying to figure out if it wants to try and purchase SanDisk peacefully, or launch a corporate takeover, the Koren company must also convince U.S. regulators that there wouldn't be immediate antitrust issues.

SanDisk executives have publicly stated they are not interested in giving up control of the company for only $26 per share.  Furthermore, they accused Samsung of making an "opportunistic attempt to take advantage of SanDisk's current stock price," as it's reportedly lowered due to "industry cyclicality" and overall economy struggles.

Samsung CEO Yoon-Woo Lee then sent a letter to the SanDisk board of directors, stating he was "deeply disappointed" by the offer rejection.

But shares of the U.S. company jumped almost 50 percent after the buyout offer was announced by Samsung. 

According to iSuppli and other industry analysts, Samsung, Toshiba and SanDisk currently make up 57 percent of the global memory chip production.  Another problem facing the possible merger is that Samsung is the largest NAND supplier and SanDisk remains the largest card supplier in the world, according to analysts.

NAND flash chips are used for storage in mobile phones, digital cameras, and MP3 players.

A possible Samsung-SanDisk merger or hostile takeover will certainly shake things up quite a bit, but it seems rather unlikely, for now, that the U.S. government will allow the buyout to take place.