Jun 26th, 2009 - AppleInsider
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Apple has increased its holdings in Imagination Technologies, the chip designer responsible for the graphics technology inside the iPhone and iPod touch, and now holds a combined 9.5% stake in the company.
The British firm said Friday that Apple subscribed to 2.2 million new shares at £1.4275 per share -- the mid market close price on 25 June 2009 -- shortly after purchasing another 11.52 million shares on the open market. Combined, the investment of nearly US$5.2 million, brings the iPhone maker's total ownership interest in the company to 9.5%, up from 3.6%.
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