Imagination Technologies Up for Sale

Imagination Technologies, which is in dispute with its biggest client, Apple, has put itself up for sale. (Imagination Hit by Apple Decision). The company said that it had received several expressions of interest in recent weeks, so had decided to begin a formal sale process. Imagination has started a formal dispute resolution process with Apple. It already has bids for the MIPS and Ensigma businesses.

Analyst Comment

The markets liked this news and the share price rose 15%, although it is still at around half of the value before the announcement. (BR)