Apple in Talks to Buy Anobit for $400-$500 Million: Report

The Israeli company makes Flash memory technology.

Reuters: The Calcalist financial daily reports that Apple is negotiating to buy Anobit, an Israeli company that makes Flash memory technology. Sources put the price for the acquisition between $400 and $500 million. Apple uses Flash memory in its iPhone, iPad and MacBook Air.

If the deal goes through, it would be Apple's first acquisition in Israel and one of its largest purchases ever.

Tags: Flash, Apple, Anobit, merger and acquistion activity

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.