• Jul. 8, 2014, 5:04 PM
    • CEVA is buying RivieraWaves, a developer of Wi-Fi/Bluetooth IP for integration within mobile processors. The company is paying $12M up-front; the total price could be $19M following milestone and retention payments.
    • CEVA, whose mobile DSP core IP business has slumped lately, says the purchase will expand its mobile licensing/royalty revenue base, and also expand its reach into wearable/embedded markets.
    • The company adds there are already "multiple joint customers deploying RivieraWaves' Wi-Fi IP on a CEVA DSP targeting mobile devices and the connected home."
    Jul. 8, 2014, 5:04 PM
  • Dec. 17, 2012, 9:41 AM

    It looks like the bidding war is finally over. MIPS (MIPS +0.9%) and Imagination (IGNMF.PK) have again agreed to a revised purchase price for MIPS' CPU core business. This time it comes in at $100M, up from last week's $80M and November's $60M. CEVA (CEVA -1%), which made a $90M offer 6 days ago, says it will refrain from further bids. MIPS' total consideration for its asset sales now stands at $7.94/share.

    Dec. 17, 2012, 9:41 AM
  • Dec. 10, 2012, 4:00 PM

    Imagination Tech (IGNMF.PK) will now be paying MIPS (MIPS +1.2%) $80M to buy what will remain of it (i.e. its CPU core business) following a patent sale. Imagination's new offer trumps a $75M bid from CEVA (CEVA -0.3%), which in turn was above Imagination's original $60M offer. ARM (ARMH) would probably prefer that CEVA acquire what passes for its largest CPU core rival, rather than GPU core leader Imagination. MIPS' total proceeds from the two sales now stand at $7.64/share. (PR)

    Dec. 10, 2012, 4:00 PM | 2 Comments
  • Nov. 20, 2012, 5:11 PM
    MIPS has resumed trading following news of CEVA's offer for its CPU core licensing business, and is currently up 5% AH. That translates into nearly a $20M increase in market cap even though the difference between CEVA and Imagination's (IGNMF.PK) offers is only $15M. The Street seems to think a bidding war is on the way. Nov. 20, 2012, 5:11 PM | 1 Comment
  • Nov. 20, 2012, 4:44 PM
    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) Nov. 20, 2012, 4:44 PM | 2 Comments
  • Aug. 31, 2012, 12:20 PM
    Will MIPS' (MIPS +3.8%) efforts to find a buyer soon bear fruit? Benchmark's Gary Mobley thinks so: he claims a meeting with management left him remaining confident the CPU core developer/patent holder's "assets will be broken up and sold within the next four months." Mobley, who has a $10 PT, sees U.K.-based graphics core developer Imagination (IGNMF.PK) as the most logical buyer, but thinks a bid from ARM (ARMH), CEVA, or Synopsys (SNPS) is also possible. Aug. 31, 2012, 12:20 PM