AST to Acquire MIPS Patents for $350 Million
- November 8, 2012
November 6, 2012 – Network processor technology company, MIPS, announced the sale of 498 of the company’s 580 patents to Allied Security Trust (AST) for $350 million. The patents will be assigned to an AST holding entity, Bridge Crossing, LLC. Imagination Technologies Group will acquire MIPS’ operating business and the company’s remaining patents the for $60 million.
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