Imagination Technology Buys MIPS

New submitter HalWasRight writes "After years of struggle, MIPS Technologies — the original RISC processor company — is being sold to Imagination Technologies, best known for its popular mobile GPUs. Part of the deal included MIPS divesting much of its non-processor related patents to a group that includes ARM. This deal could change the landscape in the battle for mobile sockets." MIPS press release, Imagination press release.