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

Tuesday Dec 13th 2011 by Staff

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.

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