Just over six months after grabbing its first piece of Imagination Technologies, Apple has upped its stake in the British graphics IP company from 3.6% to 9.5%. Reuters says Apple has bought a total of 13.7 million new IMG shares.
2.2 million of those shares reportedly cost the iPhone maker £1.43 ($2.36) a pop, while the rest changed hands at an undisclosed price. If all new shares cost the same, then Apple must have spent a total of $32.3 million on the deal—not exactly pocket change, but still a small fraction of the $1.21 billion profits Apple posted last quarter.
Apple buys more Imagination Technologies shares
Posted on Saturday, June 27 2009 @ 3:14 CEST by Thomas De Maesschalck