Imagination Technologies completes acquisition of MIPS Tech

Imagination Technologies Group has completed the acquisition of the operating business and certain patent properties of MIPS Technologies, a provider of architectures and IP cores.

Imagination Technologies Group has completed the acquisition of the operating business and certain patent properties of MIPS Technologies, a provider of 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.

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