StockMarketWire.com - Imagination Technologies Group has completed the acquisition of the operating business and certain patent properties of MIPS Technologies as well as licensing rights to all of the remaining patent properties.
MIPS is a leading provider of CPU (central processing unit) architectures and IP cores.
The cash consideration of $100m was paid on completion, financed from Imagination's existing cash resources and a new acquisition facility.
Story provided by StockMarketWire.com
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