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More on MIPS: While a consortium featuring ARM (ARMH -0.1%) is buying most of MIPS' (MIPS +1.6%)...

More on MIPS: While a consortium featuring ARM (ARMH -0.1%) is buying most of MIPS' (MIPS +1.6%) patents, GPU core developer Imagination Tech (IGNMF.PK) is buying its CPU core licensing business and 82 patents for $60M. The purchase will allow Imagination, whose GPU core leadership is being challenged by ARM, to return fire by going after ARM's CPU core hegemony. MIPS' proceeds from the two deals amount to $7.31/share, a 4% premium from yesterday's close. Shares had already been bid up on M&A expectations. (PR)
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Comments (2)
  • rocback
    , contributor
    Comments (1162) | Send Message
     
    If MIPS is selling only some of its patents for $7.31 a share why is the stock only at $7.15?
    6 Nov 2012, 12:09 PM Reply Like
  • rocback
    , contributor
    Comments (1162) | Send Message
     
    I should add that there is also over $2 in net cash, so why wouldn't it be at least at $9.31 a share? What am I missing?
    6 Nov 2012, 12:12 PM Reply Like
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