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MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the...

MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the company after a patent sale to an ARM-led consortium is finished for $75M in cash. That trumps a $60M offer from GPU core developer Imagination (IGNMF.PK). MIPS' board is evaluating the offer. If CEVA's offer wins out, MIPS' CPU core business would complement CEVA's DSP core business, and could also yield synergies for its chip platform business. MIPS halted. CEVA -0.6% AH. (PR)
Comments (2)
  • rocback
    , contributor
    Comments (986) | Send Message
     
    so what does that add to MIPS value?
    20 Nov 2012, 04:46 PM Reply Like
  • Hanson So
    , contributor
    Comments (42) | Send Message
     
    I'm confused. The offer seems too low - a lot lower than the actual value of the entire company. Why would that even make the stock price move up?
    23 Nov 2012, 07:14 AM Reply Like
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