British firm Imagination Technologies saw its shares jump today as it posted a return to profits and said preliminary discussions with potential bidders are continuing.
Trouble-struck British chip designer Imagination Technologies has confirmed it is for sale amid an ongoing dispute with Apple that has crushed its valuation on the London Stock Exchange.
Imagination Technologies has launched a "dispute resolution procedure" against Apple after it was unable to come to an agreement with the smartphone manufacturer on the terms of a contract termination.
UK chip designer Imagination Technologies has seen its shares plunge 70% after news that its biggest customer, Apple, will no longer use the company’s tech for upcoming products.