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Bake sale: CEVA’s unsolicited offer to buy MIPS

Thursday, November 29th, 2012

 

In a move to catch up with industry coverage of CEVA’s unsolicited offer to buy MIPS Technologies, I turned to Yahoo Financials to find out what was going on. What I quickly discovered in looking at Yahoo was that the CEVA/MIPS story has gotten ugly.

I’m among many who have been interested in MIPS over the years for several reasons: a) MIPS used to be on the EDAC Board of Directors in the person of then-MIPS President & CEO John Bourgoin, and b) MIPS was founded by Stanford President John Hennessy.

Now, however, per the Press Release posted on November 28th: “Levi & Korsinsky is investigating the Board of Directors of MIPS Technologies, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Imagination Technologies Group PLC and the sale of the Company’s patents to Allied Security Trust (“AST”).

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