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An Anonymous Coward writes:

The company that failed to acquire Lattice Semiconductor will acquire Imagination Technologies instead:

https://www.bloomberg.com/news/articles/2017-09-22/imagination-technologies-agrees-to-takeover-by-canyon-bridge [bloomberg.com]

Imagination Technologies Group Plc agreed to be acquired by China-backed private equity firm Canyon Bridge Capital Partners.

Canyon Bridge said it will pay 182 pence a share in cash, or more than 500 million pounds ($675 million), for the U.K. designer of graphics chips. That’s 42 percent more than Imagination’s closing share price on Friday.

As part of the deal, Imagination will sell its U.S.-based embedded processor unit MIPS to Tallwood MIPS, a company indirectly owned by California-based investment firm Tallwood Venture Capital, Canyon Bridge said.

Canyon Bridge was keen to structure a bid to avoid scrutiny from U.S. regulators, Bloomberg reported earlier this month.

Previously: imagination stories
Lattice story

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