Canyon Bridge Capital Puts UK GPU Developer Imagination Technologies Up for Sale for Over £550 Million Amid Allegations
Canyon Bridge Capital Partners, a private equity firm backed by Chinese state-owned Yitai Capital, has put UK-based Imagination Technologies, a GPU developer, up for sale. This decision comes as the company faces allegations of transferring sensitive technology to Beijing. Canyon Bridge, which acquired Imagination Technologies for £550 million ($681 million) in 2017, is reportedly seeking a buyer that would pay more than this amount. The firm has engaged Lazard to assist in finding a potential buyer.
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Byron Wan
🇨🇳 Canyon Bridge Capital Partners has hired Lazard to seek a buyer for chip designer Imagination Technologies. Canyon Bridge, a private equity firm backed by 🇨🇳 state-owned Yitai Capital which was indirectly controlled by 🇨🇳 state-owned China Reform Holdings (国新控股),… https://t.co/rH0tgXYns6 https://t.co/jz090n5imG
Dan Nystedt GPU developer Imagination Technologies is up for sale by Canyon Bridge Capital, which, Bloomberg reports, “believes it can get more than the £550 million ($681 million) it paid ... in 2017.” (Note: Buyer beware?) https://t.co/6zAjMZ3OIb
- Dan Nystedt
The UK's Imagination Technologies, the GPU developer, is being put up for sale by Canyon Bridge Capital Partners, which, Bloomberg reports, “believes it can get more than the £550 million ($681 million) it paid for Imagination in 2017,” according to unnamed sources. (Note: Buyer…
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