China, the U.K. & FDI
Masses of stuff in here - the company in question had Apple as its only customer, and earlier this year Apple decided to manufacture its own components, causing the company to nearly collapse. This is the result: Telegraph Business Beijing-backed fund to buy Imagination Technologies in £550m deal 7 Hannah Boland 22 SEPTEMBER 2017 • 11:11PM C hinese-backed fund Canyon Bridge has swooped on Imagination Technologies in £550m deal which looks set to test Theresa May's pledge to intervene in foreign takeovers. Late on Friday, Imagination said it had agreed to a takeover by Canyon Bridge, which, although based in Silicon Valley, is funded by authorities in Beijing. Canyon's interest in Imagination, which is based in Hertfordshire, was first reported by The Daily Telegraph in July . Its offer price, of 182p per share, is 42pc higher than Imagination's closing price on Friday...