Apple Nearly Triples Stake In UK Chip Maker Imagination Technologies

Apple is nearly tripling its stake in UK-based Imagination Technologies , boosting its interest to 9.5 percent with the purchase of 2.2 million new shares at £1.4275 ($2.35 million) each - the mid market close price on 25 June - and another 11.52 million shares. In total, Apple is spending £3.14 million (approx. $5.17 million) for the new shares, exactly the same amount it paid last December when it purchased a 3.6 percent stake in the microchip maker.