Deals
Imagination Technologies Surges on Apple Acquisition Report
- U.K.'s IMG designs chips for iPhone, iPad graphics processors
- Technology news site Ars Technica first reported the talks
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A report by technology website Ars Technica that Apple Inc. may be in talks to acquire British graphics chipmaker Imagination Technologies Group Plc caused shares of the Kings Langley-based company to rise as much as 16 percent Tuesday morning in London trading.
Imagination, which is already more than 8 percent owned by Apple, had a market value of 508.7 million pounds ($732.4 million) as of Monday’s close, before the spike in its shares.