Deals
Apple Considered Takeover Bid for Chipmaker Imagination
- Approach follows Imagination profit warning, CEO departure
- Apple may have used chip company to improve VR offering
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Apple Inc. said it held preliminary takeover talks with Imagination Technologies Group Plc, but opted against making an offer for the supplier of its graphics cards.
“We had some discussions with Imagination, but we do not plan to make an offer for the company at this time,” Apple said in a regulatory statement.