Imagination Technologies has announced that CBFI Investment Limited, a wholly-owned subsidiary of funds managed by Canyon Bridge Capital Partners has agreed to buy the company for £550 million (US$742.5 million) in cash, after 3 months it had put the company for sale. This comes after the China-backed buyout fund Canyon Bridge Capital Partners was barred last week by U.S. President Donald Trump from buying a U.S. chip maker. Continue reading “Former Apple supplier Imagination Technologies to be acquired by Canyon Bridge for £550 million”