Imagination under UK government scrutiny

When Canyon Bridge Partners, which is owned by China Reforma Chinese state-owned investment fund, sought to buy Imagination Technologies in 2017, Theresa May's government approved the acquisition on the basis that Canyon Bridge was licensed and regulated by US law. When the Trump administration blocked Canyon Bridge’s attempted acquisition of Lattice Semiconductor in September 2017, Canyon Bridge moved its headquarters from the U.S. to the Cayman Islands, so it was no longer under U.S. jurisdiction. Last week Canyon Bridge sought to overthrow Imagination Technologies’ BOD and move the company to China, causing the CEO Ron Black to resign and then