China-backed Canyon Bridge agrees UK semiconductor deal
Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was recently blocked from buying US-based Lattice Semiconductor – has agreed to acquire Imagination Technologies, a chipmaker headquartered in the UK.
Imagination said in a filing that its board had agreed to a deal that values the company at approximately GBP550 million ($742 million). CBFI Investment, which is indirectly owned by Canyon Bridge, will...
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