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Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc. The all-cash 550 million pounds ($742.5 million) deal to buy Imagination showed Canyon Bridge remained focused on investing in Western chip makers after its $1.3 billion deal to buy Lattice Semiconductor Corp in the United States was blocked over U.S. natural security concerns. Canyon Bridge said on Friday it had agreed to pay 182 British pence per Imagination share, a near 42 percent premium to Imagination's closing price on Friday.
Drones offer huge investment opportunities as companies find limitless uses for these pilotless planes.
Trump’s rejection of a Beijing-backed fund’s attempt to acquire a U.S. semiconductor company was for many in Washington an easy call, but the decision did little to settle a debate over how the U.S. should ...