Canyon Bridge Capital seeks to appoint 4 board members to ImgTec

By: Benji Gifford (not.a.real.email.delete@this.gmail.com), April 4, 2020 5:48 pm
Room: Moderated Discussions
Canyon Bridge is a state owned China based private equity firm, which purchased Imagination technologies after its stock fell dramatically due to a licensing conflict with Apple. As a condition of the purchase, it was forced to sell off MIPS Technology.

Canyon Bridge seeks to appoint 4 members to the board of Imagination as of next week.

For historical context, after the purchase of ImgTec, Leo Li (former president of the China state owned Tsinghua Unigroup for 5 years) was appointed CEO, before he left in late 2018 to found BlueOcean - a firm for Neural Network accelerators.
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Canyon Bridge Capital seeks to appoint 4 board members to ImgTecBenji Gifford2020/04/04 05:48 PM
  They own the companyDavid A.2020/04/04 07:20 PM
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