Intel Investment Arm to Sell Imagination Technologies Stake
February 12 2015 - 12:40PM
Dow Jones News
By Rory Gallivan
LONDON--Semiconductor giant Intel Corp's (INTC) investment arm
is planning to sell its stake in U.K. chipmaker Imagination
Technologies Group PLC (IMG.LN), JP Morgan Securities PLC said
Thursday.
Intel Capital will offer 13.4 million shares, or about 4.9% of
Imagination, for sale and that it will no longer have any shares in
the company if all shares are sold, JP Morgan Securities said.
Imagination, which specialises in graphics technology, makes
chips for smartphones and other devices made by customers including
Apple Inc (AAPL).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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