Sunday, April 19, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology
Sony's 4K Ultra HD TV Lineup Coming In The U.S.
Moore's Law And The Software Industry
Adobe And Windows Zero-Day Exploits Likely Leveraged by Russians In Highly-Targeted Attack
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 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
Imagination Aims At Wearables and IoT With New Ensigma Whisper Cores
Imagination Tech Brings MIPS Processors To Tablets
New PowerVR G6020 And PowerVR Series5 Video Encoders Targets IoT And Mobile Devices
Imagination Releases Raspberry Pi Rival
New Scalable PowerVR Series7 GPUs Target Wearables, Servers
Imagination Introduces Tiny Android GPU
Imagination Debuts New MIPS-based Platform For Wearables
New PowerVR Wizard GPU Family Supports Ray Tracing
China's Allwinner Develops UltraOcta A80 processor
Imagination releases First IP core Based on PowerVR Raptor Architecture
Imagination Takes On ARM With First MIPS CPU Core
TSMC And Imagination To Optimise 16nm FinFET Design Flows

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .