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US firm Jones Day is advising Chinese-backed private equity firm Canyon Bridge on its proposed acquisition of UK chip-maker Imagination Technologies for £550m.

The deal was announced last week (23 September) after Imagination put itself up for sale in June.

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Rose Walker

Rose joined Legal Week in August 2015, straight after graduating from Royal Holloway university. She covers a variety of UK and international law firms.

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Law Firms Mentioned

<a href="http://www.almcms.com/contrib

  • Clifford Chance
  • Jones Day

/uploads/sites/378/2016/07/technology-hand_616x372.jpg"><img class="alignleft size-full wp-image-55730" src="http://www.almcms.com/contrib

  • Clifford Chance
  • Jones Day

/uploads/sites/378/2016/07/technology-hand_616x372.jpg" alt="" width="616" height="372" /></a> US firm Jones Day is advising Chinese-backed private equity firm Canyon Bridge on its proposed acquisition of UK chip-maker Imagination Technologies for ��550m. The deal was announced last week (23 September) after Imagination put itself up for sale in June. <em>Legal Week</em> reported��in June that Clifford Chance (CC) is <a href="http://www.legalweek.com/sites/legalweek/2017/06/23/clifford-chance-advises-as-apple-supplier-imagination-technologies-puts-itself-up-for-sale/">advising Imagination</a>. Its team is being led out of London by M&amp;A partner��Lee Coney and M&amp;A partner Katherine Moir, with support from intellectual property partner Vanessa Marsland, litigation partner Iain Roxborough and competition partners Jenine Hulsmann and Timothy Cornell. Yesterday (25 September), <a href="http://www.telegraph.co.uk/business/2017/09/25/arm-ready-swoop-imagination-chinese-takeover-blocked/"><em>The Telegraph</em>��said</a>��that microchip designer ARM, based in Cambridge but <a href="http://www.legalweek.com/sites/legalweek/2016/07/18/slaughters-mofo-and-freshfields-advise-as-japans-softbank-buys-uks-arm-for-24bn/">acquired by Japans Softbank</a> last year, is circling Imagination in case the Canyon Bridge deal falls��through due to regulatory concerns. Imagination��is currently embroiled in a dispute with Apple, its largest customer, over licensing payments. In April, the US computer giant said it planned to stop using its chip designs ��� which help power the iPhone, iPad and Apple Watch ��� by 2019. However, the Hertfordshire-based business questioned at the time whether Apple could produce its own chip designs without breaching Imagination���s patents. In May, Imagination announced it had kicked off a dispute resolution procedure with Apple over licensing payments. CC is also advising Imagination on the dispute, with a team including Coney, Marsland and�� Roxborough. &nbsp; <

  • Clifford Chance
  • Jones Day

>
 

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