U.K. Microprocessor Firm, Imagination Technologies, Buys Chip Designer MIPS? Operating Business, ?Certain? Patents For Higher $80M Cash Offer

Imagination Technologies has upped its previous offer to acquire chip designer MIPS Technologies' operating business and a swathe of patents relating to the MIPS architecture, along with royalty-free licensing rights for other patents -- from the $60m offered last month to $80m now. Its earlier bid hit a snag when rival semiconductor group CEVA tabled an "unsolicited" $75 million cash offer.

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