Date: 21/11/2012

Tough choice for MIPS between CEVA and Imagination

After the news of MIPS Technologies acquisition by Imagination Technologies, MIPS follows with another release saying it has received an unsolicited proposal from CEVA, Inc. to acquire all of the outstanding MIPS shares, following the consummation of the proposed patent sale transaction with Bridge Crossing, LLC and the proposed recapitalization, for $75 million (U.S.) in cash.

Both CEVA and Imagination are strong in semiconductor IP field and make match for MIPS IP products. The value addition for MIPS' customers is not much different whichever way it goes. So the question for MIPS is where the more money is? Good news is- a good company like MIPS finds some space to negotiate with either of these players.