Anyway the story is here, and the acquisition will help Apple's vertical integration.
It story reads in part:
Israeli newspaper Calcalist reported Tuesday that the Cupertino company has completed its purchase of Israel's Anobit, a flash-memory company, for $400 million to $500 million.
The report received more credence when the office Israeli Prime Minister Benjamin Netanyahu tweeted "Welcome to Israel, Apple Inc. on your 1st acquisition here."
Apple's largest acquisition was the purchase of NeXT for slightly more than $400 million in 1997, the move that brought Apple co-founder Steve Jobs back to the company, where he would eventually retake his CEO perch and lead it through the introduction of the iPod, iPhone and iPad.
Anobit's flash-based technology "significantly improves the endurance, performance and cost of flash storage products and systems," according to the company; its data-storage technology is already used in some Apple products.
Apple stock gained $13.89, or 3.63 percent, to $396.10 on Tuesday.