Imagination put itself on sale as a result of the rupture of relations with Apple

In April it became known that Apple is designing their own GPU, ending the relationship with Imagination Technologies, after which the stock immediately fell in price by 67%.


In early may, the information appeared that Imagination Technologies plans to sue Apple and sell some of its units, in particular IMGworks to stay afloat.



Today, Imagination has published a press release where the company confirmed its intention to sell all of its assets to a new owner. The statement said that the Imagination has already received several offers in recent weeks, starting negotiations with potential buyers.

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