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Does the decrease in share price make them a more attractive acquisition target for Apple?
by indy 10y ago
Does the decrease in share price make them a more attractive acquisition target for Apple?
- _anything_ 10y agoI wouldn't put this past them as an acquisition tactic, Imagination drops MIPS, Ensigma and suddenly they look very attractive just for the patents alone.
- mirimir 10y agoWouldn't that be considered manipulation? Or at least, using inside information.
- beaconstudios 10y agoI don't think it would be insider trading as they would not be buying or selling stocks based on non-public information.
- mirimir 10y agoOK, I guess. But it would have been illegal if Apple had shorted IMG before informing them about the end of licensing, right?
- deleted 10y ago[deleted]
- nl 10y agoIt makes them a more attractive acquisition target for anyone who wants a decent IP portfolio.
- samfisher83 10y agoI think apple already has shares in IMG. This would be huge blow to them since they are their 1 big customer.
- thecosas 10y agoBingo. "Apple currently holds more than 8 percent of the company." http://www.theverge.com/2017/4/3/15158982/apple-iphone-gpu-imagination-powervr http://www.theverge.com/2017/4/3/15158982/apple-iphone-gpu-i...
- lucaspiller 10y agoA few years ago I was working for a company which provided value added mobile services to the UK market. The biggest money maker at the time was premium SMS, however we didn't have our own SMS gateway - we just resold services of another provider (which was unbeknown to clients at the time). Shortly after I joined the bosses decided that we were giving away too much money to the provider, so began talks for an acquisition. The provider was willing, but were asking for much more than we were offering, so the talks fell apart. As such we ended up building our own SMS gateway and switched all our traffic to that - exactly replicating their API, bugs and all, in less than a year. As we were their main customer they ended up losing 70%+ of their revenue overnight when we switched. A couple of years later we bought them, for much less than we originally offered. Both companies at the time were private companies, but I wouldn't be at all surprised if the same happens here.
- ldrndll 10y agoAs soon as I started reading this comment I was thinking "I worked at a company that did the exact same thing!" Ha ha, small world :)
- ckastner 10y agoAlmost certainly not. Apple just announced to the whole world that they are no longer interested in Imagnation Technologies' IP. Announcing to the world that they were interested in Imagination Technologies after all (by acquiring them) would not only have made the prior announcement deceptive, but also (almost certainly) be considered market manipulation, given that the announcement caused a 60% drop in the stock's price.
- jwilliams 10y agoYou're likely correct overall - However worth adding in this case it was Imagination making (and phrasing) this announcement, not Apple.
- masklinn 10y agoImagination had little choice if they received notice from Apple, as noted by an other commenter > UK regulations on stock markets are quite tough, publicly listed companies must share information that could impact the company as soon as they can.
- jwilliams 10y agoYup. I'm making a different point.
- scarface74 10y agoThere is a long history of customers using their leverage over a supplier to say that you either allow us to buy you, or we take our business to a competitor - or in house.