UK set to lose its Imagination to China-backed investors

Embedded GPU maker Imagination Technologies has accepted an acquisition bid of £550 million from Canyon Bridge, which receives its funding from China.
Imagination has been looking for a buyer all summer, having concluded this was the best option for its shareholders after its biggest customer – Apple – announced it was going to do its own GPU thing earlier in the year. Its board has accepted an offer of 182p per share – a 42% premium on the share price immediately before