Market Chatter: Lazard Tapped by Canyon Bridge Capital to Find Buyer for Imagination Technologies

MT Newswires Live01-03

Lazard (LAZ) has been retained by Canyon Bridge Capital Partners to oversee the sale of UK-based chip designer Imagination Technologies, Bloomberg reported Friday, citing sources familiar with the matter.

Canyon Bridge Capital acquired Imagination Technologies for 550 million pounds ($682.3 million) in 2017 but believes the company can achieve a higher valuation, Bloomberg reported.

Lazard has begun reaching out to potential buyers and has already received inquiries, according to the report.

Lazard did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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