Negotiations on the sale of Imagination continue

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POSTER: computer news   ||    NEGOTIATIONS ON THE SALE OF IMAGINATION CONTINUE	DATE:2017-07-05
The demarche of Apple, which last quarter announced its intention to systematically abandon the use of Imagination's graphic solutions in its products, forced the British developer to expose itself to the auction .  And although the potential buyer has not yet been named, representatives of Imagination told Bloomberg that preliminary negotiations are actively being conducted.  Last year, the company began to reduce staff and carry out restructuring, and this allowed  to return to profitability.  Operating profit for the past quarter was $ 10.1 million against losses a year earlier.  The volume of sales increased by 19%.  All this contributed to the growth of Imagination share price   by 7.54%. The management of Imagination expressed regret that the process of returning the company to profitability at the operational level was undermined by Apple actions  , which decided to stop paying royalties under the existing contract.  In addition, representatives of the "affected party" express concern that the same graphic system of Apple "own development", which will appear in the near future, can use elements of intellectual property Imagination. Related Products :

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