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Almost certainly not. Apple just announced to the whole world that they are no longer interested in Imagnation Technologies' IP. Announcing to the world that
by ckastner 10y ago
Almost 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.