Mobile graphics maker Imagination Technologies goes on sale

Imagination Technologies has started a formal sale process and has already engaged in preliminary talks with potential buyers. The British mobile graphics maker was pushed to the decision after Apple, which accounted for around 60% of Imagination's revenue, revealed it will stop using PoverVR graphics and develop its own, sending Imagination shares into a 70% stock slump earlier this year. Over time Imagination Technologies' stock recovered somewhat though not enough and without Apple's orders Imagination simply cannot continue competing with Qualcomm and fellow British...