Wednesday, January 11, 2012

Apple Confirms Acquisition of Israeli Flash Memory Firm Anobit

Apple has confirmed its acquisition of Israeli flash storage company Anobit Technologies, reports Bloomberg.

Steve Dowling, a spokesman for Cupertino, California-based Apple, said today that the purchase had been made, while declining to elaborate. The statement confirmed a December report from in the Israeli newspaper Cacalist.

"Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," Dowling said in a telephone interview.

Apple wouldn't disclose the amount of the Anobit deal; however, estimates have pegged the acquisition at around $400-$500 million.

Read more on Bloomberg


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