U.K. Microprocessor Firm, Imagination Technologies, Buys Chip Designer MIPS’ Operating Business, “Certain” Patents For Higher $80M Cash Offer

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http://techcrunch.com – U.K. microprocessor firm, Imagination Technologies, has upped its previous offer to acquire chip designer MIPS Technologies‘ operating business and a swathe of patents relating to the MIPS architecture, along with royalty-free licensing rights for other patents — from the $60 million offered last month to $80 million now. Its earlier bid hit a snag when rival semiconductor group CEVA tabled an “unsolicited” $75 million cash offer for the same MIPS’ assets, outbidding Imagination’s offer. In a release put out today, Imagination Technologies Group plc said i (IT news)