Apple Confirms Acquisition of Israeli Flash Memory Firm Anobit [Updated]

bloomberg reports apple has confirmed last month's news israel company had acquired flash memory firm anobit. confirmation came in form of apple's standard boilerplate statement used in addressing acquisitions, , did not include details on purchase or apple's plans company.

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steve dowling, spokesman cupertino, california-based apple, said today purchase had been made, while declining elaborate. statement confirmed december report in israeli newspaper cacalist.

"apple buys smaller technology companies time time , not discuss our purpose or plans," dowling said in telephone interview.

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apple reportedly paid $400-500 million anobit, neither apple nor anobit has confirmed purchase price.

report notes anobit responsible key flash memory controller ipad , iphone, , apple opted bring company's expertise in house in order draw more heavily on anobit's expertise, increase efficiencies, , exert greater control on component important functionality of ios devices.

update: bloomberg reports apple paid $390 million anobit in deal not finalized until january 6.

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apple inc. (aapl) acquired anobit technologies ltd. $390 million, paying below price sought israeli maker of flash-memory drive part iphone, people familiar purchase said.

negotiations continued more 2 weeks after israel's calcalist newspaper reported dec. 20 apple bought herzliya-based anobit as $500 million. apple signed agreement jan. 6 buy israeli company, according 2 anobit shareholders, spoke on condition of anonymity because apple didn't want details disclosed.

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article link: apple confirms acquisition of israeli flash memory firm anobit [updated]

 

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