Imagination Technologies has said that it has become aware that MIPS Technologies, a US computing company which Imagination is set to acquire, has received an unsolicited proposal from CEVA to acquire all of its outstanding shares.
As previously announced, Imagination is paying $60m to get its hands on the US firm and 82 of its patents, and in a separate deal a consortium of industry players, will acquire a large chunk of the MIPS patent portfolio, including 580 patents and patent applications covering microprocessor design, system-on-chip design and other related technology fields.
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