CEVA, Inc. Offers MIPS $90 Million for its Operating Business
MOUNTAIN VIEW, Calif., Dec. 11, 2012
MOUNTAIN VIEW, Calif., Dec. 11, 2012 /PRNewswire/ --CEVA, Inc. (NASDAQ:
CEVA), the leading licensor of silicon intellectual property (SIP) platform
solutions and DSP cores for the mobile, portable and consumer electronic
markets, announced today that it submitted a further proposal to the Board of
Directors of MIPS Technologies, Inc. to acquire the operating business of MIPS
for $90 million plus the payment on MIPS' behalf of the termination fee to
Imagination Technologies Group plc pursuant to MIPS' existing merger
agreement, as amended, with Imagination.
About CEVA, Inc.
CEVA is the world's leading licensor of silicon intellectual property (SIP)
DSP cores and platform solutions for the mobile, portable and consumer
electronics markets. CEVA's IP portfolio includes comprehensive technologies
for cellular baseband (2G / 3G / 4G), multimedia (computer vision, image
enhancements and HD audio), voice over packet (VoP), Bluetooth, Serial
Attached SCSI (SAS) and Serial ATA (SATA). In 2011, CEVA's IP was shipped in
over 1 billion devices and powers handsets from every top handset OEM,
including Nokia, Samsung, HTC, LG, Motorola, Sony, Huawei and ZTE. Today, more
than 40% of handsets shipped worldwide are powered by a CEVA DSP core. For
more information, visit www.ceva-dsp.com. Follow CEVA on twitter at
SOURCE CEVA, Inc.
Contact: Yaniv Arieli, CFO, +1-650-417-7941, firstname.lastname@example.org, or
Richard Kingston, Director of Marketing & Investor Relations, +1-650-417-7976,
email@example.com, both of CEVA, Inc.
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