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© daniel schweinert dreamstime.com Components | December 17, 2012

Battle for MIPS

Imagination Tech has - after yet another counter bid from CEVA - increased its bid for MIPS to USD 100 million.

British chip designer Imagination Technologies on Monday agreed to buy MIPS for USD 100 million after it outbid Ceva Inc for a second time. Imagination and Ceva have been battling to buy the operating business of MIPS since last month. Starting off, Imagination offered USD 60 million - with both companies seesawing in a bidding war to Imagination now offering USD 100 million.
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