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Mergers & Acquisitions

Nov. 22, 2012

MIPS sale contested by 'interloper'

MIPS Technologies Inc. announced Tuesday it has received an unsolicited bid from CEVA Inc. to buy the company after it recently agreed to be purchased by another company.


By David Ruiz


Daily Journal Staff Writer


Sunnyvale-based semiconductor design company MIPS Technologies Inc. announced Tuesday it has received an unexpected, unsolicited bid for its remaining shares from CEVA Inc. for $75 million.


MIPS entered an agreement earlier this month to sell itself to Imagination Technologies Group plc in a deal worth $60 million. At that time MIPS also sold 498 patents to a defensive patent aggregator, Bridge Crossing...

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