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Apple dips $5M investment in Imagination

Posted: 22 Dec 2008 ?? ?Print Version ?Bookmark and Share

Keywords:graphics license? Imagination investment? intellectual property?

Apple Inc. has secured 8.2 million new shares in Imagination Technologies Group plc, taking 3.6 percent stake in the graphics intellectual property licensor.

The iPhone maker is buying the shares at 39 pence each and thereby injecting ?3.198 million (about $5 million) in to the company, which published some weak financial results on Dec. 11.

In a statement Imagination confirmed that Apple is a licensee of Imagination's technology. This was something proposed by EE Times Europe in September in the story Has Imagination followed ARM's lead with Apple license?'. At that time Imagination said it had concluded a multi-year, multi-use license agreement with an international electronics systems company for its PowerVR graphics core. This is after it had already succeeded in getting its PowerVR MBX core designed into the Apple iPhone.

- Peter Clarke
EE Times Europe

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