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| Apple in/out talks with Imagination Technologies Posted: 22 Mar 2016 12:32 PM PDT Hat tip to Ars Technica, the tech blog, for breaking the news about Apple's interest in purchasing Imagination Technologies, which sent the shares up 18pc during this morning's trading session. Ars Technica broke the story 10 hours ago - http://arstechnica.co.uk/gadgets/2016/03/apple-acquire-imagination-powervr-gpu/ - but the buffers round at Takeover Panel have taken almost all of the UK trading day to get Apple to make a statement about its intentions for chip designer Imagination Technologies. A few minutes ago Apple released this mealy-mouthed statement: "From time to time, Apple talks with companies about potential acquisitions. We had some discussions with Imagination, but we do not plan to make an offer for the company at this time. This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement, Apple will, except with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code." Although Apple says it does "not plan to make an offer for the company at this time" I take the statement as a tacit confirmation of Ars Technica's fantastic scoop, especially as the announcement is made in accordance with rule 2.8 of the "Code"...  |
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