Mergers and Acquisitions Review: MIPS Technologies Wants A BUYER

MIPS Technologies, Inc. (NASDAQ:MIPS) wants to find a buyer in the near-term, and Gary Mobley at Benchmark believes that it will, saying that a meeting with management left him confident that the firm’s “assets will be broken up and sold within the next four months.” The analyst thinks that the United Kingdom-based graphics core developer Imagination Tech Grp (IGNMF.PK) is the most logical buyer, and that also that offers from ARM Holdings, plc (NASDAQ:ARMH), Ceva, Inc. (NASDAQ:CEVA), or Synopsys, Inc. (NASDAQ:SNPS) are in the realm of possibility. Mobley has a price target of $10 on the shares in the meantime.

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