MIPS sold

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MIPS sold

Unread postby kramlq » Mon Sep 25, 2017 7:03 am

Just read today that Imagination Technologies (owner of MIPS) has been sold to Canyon Bridge (the Chinese private equity firm with government links).
https://www.theguardian.com/business/20 ... e-takeover

Not really a surprise since the loss of the Apple contract led to a collapse in share price, and combined with the large drop in sterling it made it quite attractive for foreign buyers. As part of the deal MIPS will be sold separately for $65m to Tallwood Venture Capital.

ARM Holdings was bought a while back by Softbank for $24b. At one stage MIPS and ARM had roughly equal market share. $65m vs. $24b really highlight just how far MIPS has fallen behind.

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Re: MIPS sold

Unread postby Irinikus » Mon Sep 25, 2017 7:08 am

Hopefully things pick up for them in the future, and they don't just fade away.
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