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CEVA To Acquire MIPS' Operating Business For $90 Mln - Quick Facts

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12/11/2012 7:14 AM ET

CEVA, Inc. (CEVA: Quote,CVA.L) Tuesday said it has submitted a further proposal to the Board of Directors of MIPS Technologies, Inc. (MIPS), to acquire the operating business of MIPS for $90 million.

MIPS will also receive payments on behalf of the termination fee to Imagination Technologies Group Plc, pursuant to MIPS' existing merger agreement, as amended, with Imagination.

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