Apple Confirms Acquisition of Anobit Technologies

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.

The company is also looking into opening a development center in the country with a recent report suggesting that Apple is entering Israel because it's afraid of losing its innovative edge.