Saturday, September 23, 2017

Imagination Technologies sale to Cabyon Bridge

On Friday, Imagination Technologies announced that Canyon Bridge had bought the company that put itself up for sale following the loss of Apple as a customer earlier in the year.

The Telegraph has been reporting that such a transaction leaves the UK Government with a headache as Canyon Bridge is backed by Chinese money and might also suffer the fate of Cadbury post purchase and be stripped of its assets.

I rather expect that the Hertfordshire based business is likely to suffer the fate of Vertu and end up bankrupt and sold for scrap in less than two years because of mismanagement and the new owner having very little understanding as to just what they own and control.

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