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Canyon Bridge buys Imagination for GBP 550 mln

2017-09-25 09:35:00| Telecompaper Headlines

(Telecompaper) Canyon Bridge's CBFI Investment has agreed to buy Imagination, in a cash transaction valued at GBP 550 million. The company put itself up for sale in June, after starting a sales process for its MIPS and Ensigma operations in May. The decisions were taken after news in April that Apple stopped using Imagination as a supplier.

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