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Imagination Technologies Group PLC Announces Completion of MIPS Technologies Acquisition


Friday, 8 Feb 2013 02:00am EST 

Imagination Technologies Group PLC announced that it has completed the acquisition of the operating business and certain patent properties of MIPS Technologies, Inc. as well as license rights to all of the remaining patent properties. The Company also announced that the cash consideration of USD 100 million was paid on completion, financed from the Company's existing cash resources and a new acquisition facility.