Apple Invests in Imagination Technologies (PowerVR)

Apple Invests in Imagination Technologies (PowerVR)

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Apple is subscribing for 8.2 million shares of Imagination Technologies giving them a 3.6% ownership interest, according to a recent press release.

Apple Inc. is subscribing for 8,200,000 new shares of Imagination Technologies Group plc at 39p per share, the mid market close price on 17 December 2008, subject only to listing and admission of the new shares. Following the share placement, Apple will have an ownership interest of 3.6%. Apple is a licensee of Imagination’s technology. Application for the new shares to be admitted to trading on the London Stock Exchange and the Official List of the UKLA has been made and it is expected that listing and admission of those shares will occur by 8am today.

This confirms that Apple is a licensee in the company and now owns 3.6% of the company that makes the PowerVR 3D chipset for the iPhone and iPod Touch.

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Apple Invests in Imagination Technologies (PowerVR)
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