Wednesday, December 21, 2011

Report: Apple concludes Anobit acquisition for $500 million

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Reuters reports Apple is buying Israeli flash technology maker Anobit for $500 million...and opening an R&D center in Israel.

Following reports earlier this week that ever-secretive Apple was in talks to buy Israeli flash technology firm Anobit, Reuters is reporting that Apple has concluded the deal for a total of $500 million. But that’s not all: Reuters also has Apple planning to open a new research and development facility in Israel—the first time the company would have taken its development work outside the United States.

Posted via email from Inspiration

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