Imagination Technologies, facing steep stock drop, is putting itself up for sale. http://ift.tt/2rFmHfm Once the world learned that Apple will design its own GPU for upcoming iPhones and iPads instead of using Imagination Technologies PowerVR tech, the UK company quickly lost 70 percent of its value. While it's still in "dispute" with Apple over the breakup, it already put two of its units, MIPS and Ensigma up for sale, and today announced that the entire company is open to being acquired. Its board of directors said in a press release that "it has received interest from a number of parties for a potential acquisition of the whole Group...and is engaged in preliminary discussions with potential bidders." Subscribe to Engadget on YouTube: http://engt.co/subscribe Get More Engadget: • Like us on Facebook: http://ift.tt/1k1iCZT • Follow us on Twitter: http://www.twitter.com/engadget • Follow us on Instagram: http://ift.tt/1k1iCZV • Add us on Snapchat: http://ift.tt/1UqS18a • Read more: http://www.engadget.com Engadget is the definitive guide to this connected life.
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