Chipmaker Imagination's Owners Tap Lazard to Search for Buyer [Yahoo! Finance Canada]
Texas Instruments Incorporated (TXN)
Last texas instruments incorporated earnings: 4/21 04:01 pm
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Source: Yahoo! Finance Canada
chip designer Imagination Technologies, according to people familiar with its plans. Most Read from Bloomberg The private equity firm with ties to Chinese state investors believes it can get more than the £550 million ($681 million) it paid for Imagination in 2017, according to the people. The Canyon Bridge fund that owns the chipmaker is nearing the end of its fixed term. Lazard is currently reaching out to potential purchasers and the company has already received inquiries, said the people, who asked not to be identified because the process hasn't been made public. A spokesperson for Lazard declined to comment. A representative for Canyon Bridge didn't respond to a request for comment. Imagination's chief executive officer, Simon Beresford-Wylie, also declined to comment on the plans for his company when reached by phone. Texas Instruments Inc., MediaTek Inc. and Japan's Renesas Electronics Corp. are customers that use Imagination's technology in their chips, primarily for
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TXN
Earnings
- 10/22/24 - Beat
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- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 11/26/24 - Form 4
- TXN's page on the SEC website