MIPS to be acquired by Imagination TechnologiesMobile Technology | Wireless Broadband | Wireless Carriers | RCR U.S. Wireless News

MIPS Technologies (MIPS) is selling its patents and its operating business to two separate buyers in a deal structured to maximize the value of both. The Silicon Valley designer of CPU processors and cores says it will sell most of its patents to Bridge Crossing, an acquisition vehicle of Allied Security Trust, for $350 million. Bridge will get 498 of MIPS’ 580 patents.

via MIPS to be acquired by Imagination TechnologiesMobile Technology | Wireless Broadband | Wireless Carriers | RCR U.S. Wireless News.

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