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Apple acquires Anobit for $500 million

Posted on Wednesday, December 21 2011 @ 22:48:39 CET by


Reuters reports Apple has bought Israeli flash memory storage developer Anobit for $400 million to 500 million.
Apple has bought Israel's Anobit, a maker of flash storage technology, for up to $500 million, the Calcalist financial daily reported on Tuesday.

The newspaper said Anobit's management was in the process of gathering its staff to formally announce the acquisition by Apple.

Last week Calcalist had reported that Apple was in advanced talks to buy Anobit for $400-$500 million.

In addition to the acquisition, Apple will also open a research and development centre in Israel, its first outside the United States, Calcalist said.




 



 

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