Friday, December 15, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
Synaptics Brings First In-Display Fingerprint Sensors for Smartphones
Disney to Buy Fox Film and Some TV Businesses for $52 billion
Powerful iMac Pro is Available Today, Starting at $5,000
IBM Announces Collaboration With Leading Companies to Accelerate Quantum Computing
Bing Gets Intelligent Search Features, Powered by AI
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Imagina...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, December 20, 2012
Imagination Expected To Win MIPS Bid


Ceva Inc. has announced that it will not rebid against Imagination Technologies Group plc for processor IP company MIPS Technologies Inc.

Ceva announced today that it would not submit any further proposal to acquire the operating business of MIPS Technologies, Inc.

Imagination started the process in early November with a bid of $60 million to buy MIPS's operating business and certain patents while ARM would lead a consortium called Bridge Crossing that would acquire rights to the major part of the MIPS portfolio of patents as a form of legal protection. Bridge Crossing is set to pay $350 million in cash to purchase the rights to the MIPS portfolio, of which ARM will contribute $167.5 million.

Ceva bid twice against forcing Imagination to rebid up to a level of $100 million.

Gideon Wertheizer, CEO of CEVA, commented: "While CEVA's Board of Directors and management believed there was strategic merit in the combination of CEVA with MIPS, further increasing the purchase price would not meet our financial objectives. We believe it is in the best interests of our shareholders that our available cash be reserved for other potential opportunities in the future. As part of our corporate business strategy, we will continue to seek and evaluate complementary technologies and businesses that will meet our strategic and financial objectives."


Previous
Next
Samsung To Face EU's Antitrust Charges        All News        Nokia Rumored To Develop Windows RT Tablet
Samsung To Face EU's Antitrust Charges     General Computing News      ARRIS To Buy Google's Motorola Home Business For $2.35 Billion

Get RSS feed Easy Print E-Mail this Message

Related News
China-backed Canyon Bridge Buys Imagination for £550 million
Imagination Announces New PowerVR Series9XE and 9XM PowerVR GPUs, PowerVR 2NX NNA Hardware Neural Network Accelerator
Apple Says Imagination Knew Their Graphics Chip Deal Was Ending
Imagination Says it Has Received Interest Amid Apple Dispute
Imagination Debuts First PowerVR Series8XT IP Core Based on New Furian GPU Architecture
Apple Says it No Longer Needs Imagination Technologies's GPU Tech
Imagination Details New iPhone's Graphics - Meet The Furian 8XT Architecture
VR-capable Imagination Series8XE GPU is Targeted At Low-end Smartphones
Imagination And DENSO Are Teaming Up On Automotive
Imagination Showcases Ray Tracing and High-end Graphics on Mobile at GDC 2016
Imagination Tech Brings Strong PowerVR Series 8XE GPUs To Low-cost Phones
Imagination Tech CEO Steps Down As Company Reports Losses

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .