JERUSALEM (AFP) - United States giant Apple has finalised its first Israeli acquisition, agreeing to buy flash memory maker Anobit for about US$400 million (S$518 million), local financial media reported on Wednesday.
'The deal was closed on Friday and yesterday the company's staff were notified,' business daily TheMarker reported.
'Anobit has developed flash controllers for devices which are reportedly already embedded in Apple's iPads and iPhones,' Globes daily added.
Reports on the value of the deal ranged from $300 to $400 million, according to TheMarker, to $400 to $500 million as reported by the Calcalist daily.
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