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Jewish Journal

JewishJournal.com

December 20, 2011

Apple reportedly acquires Israeli startup

http://www.jewishjournal.com/sci-tech/article/apple_reportedly_acquires_israeli_startup_20111220

Apple's headquarters at Infinite Loop in California. Photo by Joe Ravi

Apple's headquarters at Infinite Loop in California. Photo by Joe Ravi

Apple reportedly has purchased its first Israel-based company, Anobit Ltd., a flash storage solutions provider, for an estimated $500 million.

The deal for the Herzliya-based startup reportedly was finalized Tuesday. Anobit’s management was gathering its staff early Tuesday afternoon to formally announce the acquisition by Apple, the Israeli financial daily Calcalist reported.

The purchase comes on the heels of an announcement last week that Apple will open a development center in Israel focusing on semiconductors, reportedly the first to be opened outside of Apple’s California headquarters.

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