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CEVA Offers MIPS $90M for its Operating Business

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CEVA (NASDAQ: CEVA) announced today that it submitted a further proposal to the Board of Directors of MIPS Technologies (NASDAQ: MIPS) acquire the operating business of MIPS for $90 million plus the payment on MIPS' behalf of the termination fee to Imagination Technologies Group plc pursuant to MIPS' existing merger agreement, as amended, with Imagination.

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