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Tech giant tells Bloomberg it has bought the Israel-based flash memory startup but declines to discuss the price or specific purpose.
Apple's reported acquisition of Anobit gets it into the flash memory big leagues--if it wasn't there already.
The iPhone maker reportedly paid between $400 million and $500 million for Anobit, but so far neither company has said a deal exists.
Anobit's Memory Signal Processing technology includes proprietary signal processing algorithms along with advanced error correction and innovative flash management schemes.
According to a report over at TechCrunch, Apple is preparing to purchase Israeli flash memory manufacturer Anobit for $400 million to $500 million.