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Intel Capital said that the sale wouldn’t affect Intel’s commercial relationship with Imagination. Intel licenses Imagination’s GPU cores.
“This placing is being conducted by Intel Capital as part of its ordinary course portfolio management. Intel Corporation continues to have a business relationship with the company, having licensed several generations of Imagination Technologies’ graphics and video processing cores. These licenses remain in effect and have not been amended in connection with the placing. Intel corporation and the company continue to discuss opportunities to work together,” Intel Capital said in the filing.
The sale was of 25 million shares at 205p per share to raise £51.25 million.
Imagination’s shares immediately fell 8% to reach that price.
Yes indeed Mike I expect they might, although the shares are doing well at the moment, but last time there was a chance to change CEOs the shareholders didn’t seem to get much of a say in the appointment of a new one..
Hopefully it’s more a case of “do Intel’s shareholders think so”,
I suspect they might !
Well Jen-Hsun Huang might be the best man to run Intel, Mike, but does Intel think so?
Hence the cost of payoffs. Intel is a great company but desperately needs to re-invent itself and Jen is just the man to do that !
can’t see the Intel Old Guard going for that Mike, too much entrenched self-interest.
Would be done with a share swap so almost no money involved, just that in paying off KrazyNik so that Jen-Hsun Huang takes over control of the whole shebang
OMG, Mike, hadn’t thought of that. Can Intel afford to buy a company with a $10 billion market cap? I don’t think Intel has that much net cash (i.e. cash less debt) and borrowing to buy Nvidia would be dodgy given Intel’s record on M&A.
Intel to buy nVidia at last ??????????