Imagination Technologies rallies on report of Chinese interest
Shares in chip maker Imagination Technologies rallied on Monday following a report that a Chinese private equity buyout fund was mulling a bid for the company.
FTSE All-Share
4,427.06
16:59 19/11/24
n/a
n/a
FTSE Small Cap
6,777.66
16:34 19/11/24
n/a
n/a
Imagination Technologies Group
181.25p
16:35 02/11/17
-0.14%
-0.25p
Technology Hardware & Equipment
1,920.18
16:30 25/09/24
0.00%
0.00
According to the Telegraph, Canyon Bridge Capital Partners has held talks about a potential bid for Imagination or parts of its business. It was understood that discussions are at an early stage and Canyon is among a handful of relatively unknown Chinese investors with its eye on Imagination.
Last year, Canyon Bridge - which is based in Silicon Valley but funded by Beijing authorities - agreed to pay $1.3bn for specialised US microchip maker Lattice Semiconductor.
At 1247 BST, the shares were up 4.5% to 145.50p.