Canyon Bridge £550 million bid for Imagination Technologies

Overview:

• Canyon Bridge, a private equity firm backed by China, has made a bid to acquire Imagination Technologies for £550 million.
• Imagination Technologies is a UK based technology company focused on semiconductors.
• The company has recently been having licensing payments issues with Apple, which led to a 40% drop of the company's shares.
• Canyon Bridge has recently acquired Lattice Semiconductor for $1.3 billion.

Katrin Kostadinova - Data analyst