Tsinghua, the acquisitive Chinese investment fund, has bought 3% of Imagination the crisis-hit GPU specialist. Imagination’s shares have shot up 15% since the disclosure. Tsinghua has seen numerous bids for stakes in US and Taiwanese companies rejected. Recently Imagination announced 350 lay-offs representing 20% of its 1,700 workforce.
Tsinghua buys 3% of Imagination
from ElectronicsWeekly http://www.electronicsweekly.com/news/business/tsinghua-buys-3-of-imagination-2016-05/
No comments:
Post a Comment