CEVA, Inc. (CEVA) Monday said it would not submit any further proposal to acquire the operating business of MIPS Technologies, Inc (MIPS).
"While CEVA's Board and management believed there was strategic merit in the combination of CEVA with MIPS, further increasing the purchase price would not meet our financial objectives, " said CEO Gideon Wertheizer.
The company intends to reserve its available cash be reserved for other potential opportunities in the future.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.