Imagination Technologies jumps on Apple takeover talk

Discussion in 'Market News' started by Lily, Mar 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Report suggests US company which owns 8.4% could buy UK chip designer

    Imagination Technologies has seen its shares soar by nearly a fifth following a report Apple could be interested in buying the chip designer.

    The company has jumped 36p to 221p as technology website Arstechnica said Apple was in “advanced talks” about acquiring Imagination.

    While we see Apple launch as a positive for Imagination, we still model small decline in Imagination’s GPU units globally (475m in 2016 declining to 455m in 208) which is driven by continued share loss.. as Arm continues to penetrate into the high end with recent launches like Helio X20/X25 and P10/P20.

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