17 Dec '12, 8am

Imagination signs revised agreement to acquire the operating business, certain ... - Design and Reuse (press release)

Imagination Technologies Group plc (LSE:IMG, "Imagination"), a leading multimedia, communications and embedded processor technology company, has signed a revised agreement to acquire the operating business and certain patent properties, as well as license rights to all of the remaining patent properties, of MIPS Technologies, Inc. (Nasdaq: MIPS, "MIPS") for a cash consideration of US$100 million, to be financed from existing cash resources and a new acquisition facility that has already been set up. MIPS is a leading provider of CPU (central processing unit) processor architectures and cores.

Full article: http://www.design-reuse.com/news/31003/imagination-mips-a...

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